NEAR Intents reports $3.8 million preliminary loss after smart contract bug
In brief
- NEAR Intents put preliminary losses from a smart contract bug at about $3.8 million.
- The bug involved Omni deposit and withdrawal infrastructure interacting with the protocol's contract.
- The NEAR Intents team pledged full compensation for affected funds and said it patched the vulnerability.
- Deposits and withdrawals on 11 networks were expected to remain paused for about 12 hours.
What NEAR Intents says went wrong
The team said in a statement on X that the problem came from a bug in how its Omni deposit and withdrawal infrastructure interacted with the NEAR Intents smart contract. Services were stopped once the incident was detected. The roughly $3.8 million loss comes from a preliminary report, according to the team, so the final number isn't settled yet.
"Earlier today NEAR Intents services were stopped after a security incident was detected. The incident was caused by a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract."
Restart timeline and affected chains
According to NEAR Intents, the smart-contract vulnerability has been patched. The team expected NEAR Intents and near.com to resume operations within about an hour (that's the team's own estimate, not a confirmed restart).
Not every chain comes back at the same time, though. NEAR Intents said deposits and withdrawals on BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma were expected to stay unavailable for about 12 hours while Omni-related fixes were completed.
What about users holding assets from those networks? The team said they won't lose access to them. Once the platform's back online, they'll be able to swap those assets into other supported tokens, including assets held in the platform's hot wallet or on near.com.
Compensation and next steps
NEAR Intents said it'd fully compensate the affected funds. It's also reported the incident to law enforcement, and it's working with security and blockchain analytics partners to track the stolen funds and seek their recovery.
The company said a detailed incident report would follow in the coming days.
Until that report lands, the $3.8 million figure remains the team's preliminary estimate.
Frequently asked questions
What caused the NEAR Intents security incident?
NEAR Intents said the issue came from a bug in how its Omni deposit and withdrawal infrastructure interacted with the protocol's smart contract. Services were stopped after the incident was detected, and the team says the vulnerability has since been patched.
Will NEAR Intents users be compensated for the losses?
NEAR Intents said it would fully compensate the affected funds. According to the team's preliminary report, losses totaled approximately $3.8 million. The company said a detailed incident report would follow in the coming days.
Which networks were affected by the NEAR Intents outage?
NEAR Intents said deposits and withdrawals on BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma were expected to stay unavailable for about 12 hours while Omni-related fixes were completed. The team said users holding assets from these networks would not lose access to them.
