NEAR Intents to Compensate Users After $800,000 Security Vulnerability

The decentralized finance ecosystem on the NEAR Protocol recently encountered a significant security hurdle as NEAR Intents reported a breach resulting in approximately $800,000 in lost assets. On October 1, 2026, the project team confirmed that a vulnerability led to the temporary suspension of its services. In a proactive response to the community, the developers announced that all affected users will be fully compensated for their losses, emphasizing a commitment to user security and protocol integrity despite the financial setback.

Root Cause and Technical Vulnerability

Preliminary investigations indicate that the exploit originated from a specific interaction flaw between the Omni deposit and withdrawal infrastructure and NEAR Intents smart contracts. This technical mismatch allowed unauthorized access to funds, prompting an immediate halt of operations to prevent further drainage. The development team has since identified the precise contract-side vulnerability and implemented a fix. While services on near.com are expected to resume shortly, cross-chain operations remain under observation.

• The vulnerability affected interaction logic between external infrastructure and native smart contracts.
• Repair of the smart contract code has been completed and verified by the technical team.
• The project has engaged law enforcement agencies to assist in tracking the movement of stolen assets.

Recovery Timeline and Network Status

While core operations are resuming, the restoration of full functionality across all supported blockchains will be gradual. This phased approach is designed to ensure that the fix is stable across different execution environments. According to the latest project updates, deposits and withdrawals for several major networks will remain offline for an extended period to facilitate security audits.

• BSC, Polygon, and TON networks: Operations suspended for approximately 12 hours.
• Optimism and Avalanche networks: Operations suspended for approximately 12 hours.
• NEAR Protocol native services: Expected to resume within 60 minutes of the announcement.

Official Response and Asset Tracking

The NEAR Intents team is currently working with security specialists to recover the misappropriated funds. The incident has been formally reported to the relevant authorities, marking a shift from internal mitigation to external legal action.

Preliminary reports indicate losses of approximately.8 million, and the relevant funds will be fully compensated. The incident has been reported to law enforcement, and the team is tracking and attempting to recover the relevant funds.

This security incident highlights the ongoing challenges of cross-chain interoperability and the risks associated with complex smart contract interactions. By guaranteeing full reimbursement, NEAR Intents aims to maintain user trust while it strengthens its defensive architecture. The team continues to monitor on-chain data to identify the attackers' wallets and prevent the liquidation of the stolen cryptocurrency assets.