NEAR Intents hit by $3.8M exploit, pauses cross-chain services in latest crypto hack

NEAR Intents hit by $3.8M exploit, pauses cross-chain services in latest crypto hack

Summary

NEAR Intents lost about $3.8 million in a Thursday exploit caused by a bug in the interaction between its Omni deposit and withdrawal system and smart contract. The vulnerability was patched, and co-founder Illia Polosukhin said the attacker returned all assets the next day after the team identified and contacted them. NEAR Intents temporarily paused services and restricted deposits and withdrawals across several networks while completing fixes. The project reported the incident to law enforcement and is tracing the funds with security firms. The exploit affected cross-chain infrastructure, not the underlying NEAR Protocol blockchain.