NEAR Intents halted deposits and withdrawals across 11 blockchains Thursday after a $3.8 million exploit in its Omni cross-chain system.
The bug lived in how Omni's deposit and withdrawal logic interacted with the smart contract. NEAR Intents patched the vulnerability and co-founder Illia Polosukhin committed to full reimbursement. Core services came back online within an hour, but bridge activity on BNB Smart Chain, Polygon, TON, Optimism, Avalanche, Stellar, Monad, X Layer, ADI, Scroll and Plasma remains suspended.
ZachXBT traced the attack: irregular withdrawals drained a NEAR Intents hot wallet on BNB Chain, then the stolen USDT moved to KuCoin before being bridged into Bitcoin. The protocol has reported the incident to law enforcement and is working with blockchain analytics firms to track the funds.
NEAR Intents uses an intent-based settlement model where solvers compete to fill user-specified cross-chain trades. The platform has processed over $30 billion in volume across 35 networks. The exploit targeted the cross-chain infrastructure, not the NEAR Protocol blockchain itself. NEAR token fell about 6 percent in the 24 hours after disclosure.
The incident marks the third major crypto exploit in recent weeks. Bitget lost over $350 million last week. Earlier incidents in 2025 include Liquid Network at $320 million, Drift at $295 million and Kelp at $293 million.
