NEAR Intents cross‑chain swap layer suffers $3.8 million exploit
On October 1, 2026 the NEAR Intents service that powers cross‑chain swaps on the NEAR protocol was attacked through a bug in its Omni deposit‑withdrawal integration, resulting in a loss of more than $3.8 million. The team halted deposits and withdrawals on eleven networks, patched the contract flaw and pledged full reimbursement to affected users. The incident pushed the NEAR token down roughly 7‑8% to around $4.90‑$4.91.
Why it matters
The breach temporarily disabled cross‑chain transfers on key blockchains, limiting liquidity for users and potentially reducing demand for NEAR‑based services. The protocol’s promise to reimburse users creates a contingent liability that could affect its treasury and future funding needs.
Key facts
- 1The exploit occurred on October 1, 2026 and involved more than $3.8 million. cryptoticker.io
- 2Deposits and withdrawals were suspended on eleven networks for about 12 hours. coinfomania.com
- 3NEAR’s price fell to $4.91, an 8% drop, after the hack. cryptorank.io
- 4The vulnerability was an integration bug between the Omni bridge and the Intents contract. cryptoticker.io
- 5The team pledged full reimbursement of the lost funds, without specifying a timetable. coinedition.com
- 6Investigators traced the stolen assets to a hot wallet on BNB Chain, then to KuCoin and into Bitcoin. cryptorank.io
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.