NEAR Intents recovers $3.8 million after exploit and halts investigation

  • NEAR Intents recovered all approximately $3.8 million stolen in an exploit and halted its related investigation.
  • The flaw involved Omni deposit and withdrawal infrastructure and affected USDT on BSC; the contract was patched within an hour.
  • Services were restored, while deposits and withdrawals across 11 networks remained suspended for roughly 12 hours for additional fixes.

NEAR Intents said it recovered all approximately $3.8 million stolen in an exploit and would halt its investigation after identifying the attacker and issuing a 48-hour repayment deadline. The vulnerability involved the interaction between the protocol's Omni deposit and withdrawal infrastructure and its smart contract, with losses limited to USDT on BSC, according to NEAR co-founder Illia Polosukhin. NEAR Intents said SHIELD detected unusual activity, services were paused, the flaw was patched within an hour and near.com and the protocol returned online. Deposits and withdrawals across 11 networks remained suspended for roughly another 12 hours while fixes were completed. The protocol pledged to compensate affected users, worked with law enforcement and analytics firms, and said it would publish a post-mortem. NEAR Protocol and its NEAR token were not involved in the incident.

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