NEAR Intents Protocol Suffers $3.8 Million Security Breach

The NEAR Intents protocol suspended operations on October 1, 2026, following a security incident that resulted in approximately $3.8 million in losses. The vulnerability stemmed from a bug in the interaction between Omni's deposit and withdrawal infrastructure and the platform's smart contract. On-chain investigator ZachXBT reported that the attacker moved funds from the platform's hot wallet on the BSC network to KuCoin, where they were converted into Bitcoin. The team has resolved the issue and restored the website, though deposits and withdrawals across several networks remain paused for further maintenance. The protocol has pledged full compensation for affected users and is coordinating with law enforcement and security partners.