Back Coindesk

NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continues

Coindesk • October 1, 2026

The popular cross-chain trading system said it will reimburse losses after a bug affected deposits and withdrawals across several networks.

NEAR Intents suffered a security exploit Thursday that caused $3.8 million in losses and prompted the cross-chain trading platform to pause services and restrict deposits and withdrawals on several blockchains.

The project attributed the exploit to a bug involving its Omni system and smart contract, said the vulnerability had been patched and pledged to reimburse affected funds in full.

NEAR Intents reported the incident to law enforcement and enlisted security firms to trace funds that an investigator said were sent to KuCoin and converted into bitcoin.

1 Crypto for Advisors: The CLARITY Act failed, but the rules came anyway 1 hour ago

2 Live Updates: Bitcoin holding near $84,000 ahead of Friday's U.S. jobs report 4 hours ago

3 Illinois agrees to six-month delay of crypto tax as industry continues court battle 4 hours ago

4 Crypto lost $1.26 billion in hacks while bitcoin bulls enjoyed a monster quarter 5 hours ago

5 Synthetic tokenized stocks are bad for American investors 5 hours ago

6 Bitcoin kicks off new quarter in the old $82,000-$85,000 price range 6 hours ago

7 Citigroup raises 12-month bitcoin target to $113,000 as ETF inflows resume 6 hours ago

8 MetaMask security incident forces Ethereum staking exits, no funds at risk 9 hours ago

9 Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps 11 hours ago

10 Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall 12 hours ago

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Live Updates: Bitcoin holding near $84,000 ahead of Friday's U.S. jobs report

MetaMask security incident forces Ethereum staking exits, no funds at risk

Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps

Crypto for Advisors: The CLARITY Act failed, but the rules came anyway

Live Updates: Bitcoin holding near $84,000 ahead of Friday's U.S. jobs report

Illinois agrees to six-month delay of crypto tax as industry continues court battle

The full story

This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

NEAR Intents Loses $3.8 Million in Exploit Linked to Omni Bridge Bug On October 1, 2026, NEAR Intents, a cross-chain swap service, suffered a security breach resulting in the theft of approximately $3.8 million. The exploit was due to a bug in the interaction between its Omni deposit and withdrawal infrastructure and the NEAR Intents smart contract. Following the incident, NEAR Intents halted operations, patched the vulnerability, and pledged full reimbursement to affected users. The stolen funds were traced to KuCoin and subsequently bridged to Bitcoin. NEAR's native token fell by nearly 9% in value after the announcement, reflecting market concerns. The incident follows NEAR Intents' recent success in blocking a $50 million laundering attempt related to the Bitget exchange hack. The platform is working with law enforcement and blockchain analytics partners to recover the stolen funds. Deposits and withdrawals across 11 networks will remain suspended for approximately 12 hours during the recovery process. 23 sources 44

NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continues

The full story

Extracted Entities

Attack Types (1)

Companies (2)