NEAR Intents confirms $3.8M exploit bug, pledges full reimbursement

NEAR Intents, the cross-chain trading platform, confirmed that a $3.8 million security exploit on October 1 was caused by a bug in its Omni deposit system, which has now been patched. The project said affected users will be reimbursed in full and that services are gradually resuming after deposits and withdrawals were disabled across BNB Smart Chain, Polygon, TON, Optimism, Avalanche and Stellar.

• The incident was reported to law enforcement; investigator ZachXBT said stolen assets were sent to exchange KuCoin and bridged into bitcoin.
• The NEAR token fell about 6% on the news; the bug involved cross-chain infrastructure, not the NEAR Protocol blockchain itself.
• Core services were expected to come back quickly, while deposits and withdrawals on several networks stayed offline longer for fixes.