The NEAR Intents Security Breach: A $3.8M Loss and Official Response
On October 1st, NEAR Intents officially announced via its social media channels that it had proactively suspended services after detecting a potential security incident. Preliminary investigations estimate the financial loss from this exploit to be approximately $3.8 million.
Root Cause and Immediate Fix
The team identified the vulnerability as a flaw in the interaction between its Omni deposit/withdrawal infrastructure and the related smart contracts. This interaction point was likely exploited by the attacker.
An emergency patch has been applied to fix the vulnerability at the smart contract level. The core main service is expected to resume operations gradually within an hour of the announcement.
Multi-Chain Service Halt and Reimbursement Pledge
As an additional safety precaution, NEAR Intents has temporarily disabled deposit and withdrawal functions across multiple blockchains. This suspension is anticipated to last around 12 hours. The affected chains include:
- BSC
- Polygon
- TON
- Optimism
- Avalanche
- Stellar
- Monad
- LayerX
- Adi
- Scroll
- Plasma
The project has made a firm commitment to fully reimburse users for all losses incurred due to this incident. Details regarding the reimbursement process will be communicated at a later stage.
Ongoing Investigation and Tracking
Following the breach, the matter was reported to the relevant law enforcement authorities. The team is currently collaborating with several cybersecurity firms and on-chain analytics providers to trace the movement of the stolen funds.
A comprehensive technical post-mortem report, including a complete timeline and a fuller impact assessment, is expected to be released to the community in the coming days.