NEAR Intents pauses service after $3.8 million security incident

  • NEAR Intents temporarily suspended service after a security incident.
  • $3.8 million was initially reported lost, with related funds slated for full compensation.
  • BSC, Polygon, TON, Optimism and Avalanche remain suspended for deposits and withdrawals for about 12 hours.

NEAR Intents temporarily suspended its service following a security incident that caused approximately $3.8 million in losses, according to an initial report. The issue involved a vulnerability in the interaction between Omni's deposit-and-withdrawal infrastructure and a NEAR Intents smart contract (self-executing blockchain code). The contract-side vulnerability has been fixed, and NEAR Intents and near.com are expected to resume operations in about one hour. Deposits and withdrawals on some networks, including BSC, Polygon, TON, Optimism and Avalanche, will remain paused for about 12 hours. The incident has been reported to law enforcement, while the team is tracking the funds and attempting to recover them. Related funds are to receive full compensation.

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