NEAR Intents reports $3.8 million loss after smart contract exploit

CryptoVideos brief
Built from 5 sources 1 Oct 2026 · 13:52 UTC 1 min read

NEAR Intents, a cross-chain protocol, lost about $3.8 million in an exploit, according to on-chain investigator ZachXBT. The incident involved a smart contract and Omni deposit and withdrawal system. NEAR Intents said it patched the flaw and will compensate affected users in full. Deposits and withdrawals remain paused for about 12 more hours on 11 networks. The NEAR token fell 8.6% within hours. The hack landed two days after Bitwise opened the first US spot NEAR ETF.

Key points

NEAR Intents, a cross-chain protocol, suffered an exploit with reported losses of about $3.8 million.
On-chain investigator ZachXBT flagged the incident and the stolen funds' movement.
The incident involved a flaw in the smart contract or Omni deposit and withdrawal interaction.
NEAR Intents is a cross-chain service built in the NEAR ecosystem.

Why it matters

The exploit hit a cross-chain service days after a US spot NEAR ETF launched, and the NEAR token fell 8.6% within hours. Deposits and withdrawals were paused on 11 networks while NEAR Intents said it patched the flaw and would compensate affected users.

What's unclear

Independent confirmation of the reported $3.8 million loss had not surfaced at the time of the first report.

Whether the BSC hot wallet outflows are linked to the Bitget attackers remains unestablished.

Price context · NEAR

At publication

$4.96

Now

$4.93

Change since

−0.60%

7 days · dashed line = publication

Sources · 5 publishers

Crypto Briefing Tier 2 First report 13:14 UTC

NEAR Intents reports $3.8 million loss after smart contract bug

BeInCrypto Tier 2 13:30 UTC

NEAR Intents Hacked for $3.8 Million: Is NEAR Protocol Safe?

The Defiant Tier 1 13:41 UTC

NEAR Intents Halts Services, Reports $3.8 Million Loss

Bitcoin.com News Tier 2 13:47 UTC

NEAR Intents Bug Sends $3.8M Racing Across Crypto Networks

Unchained Tier 1 14:13 UTC

NEAR Intents Pledges Full Compensation After a Bug Lets an Attacker Drain $3.8 Million

Coverage timeline

Oct 1, 13:14First reported by Crypto Briefing
Oct 1, 13:30Confirmed by BeInCrypto
Oct 1, 13:52CryptoVideos brief published
Oct 1, 14:131 more publisher added to sources

How this brief was made. Our system found this event in 5 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error