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NEAR Intents Hacked for $3.8M Following North Korea Denial

NEAR Intents Hacked for $3.8M Following North Korea Denial

First seen 1 Oct 2026, 17:04 UTC • •
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ThreatCluster AI
ThreatCluster •October 1, 2026 at 17:05 UTC
  • •NEAR Intents lost $3.8 million due to a bug in its Omni system.
  • •The exploit occurred after NEAR Intents denied a swap attempt linked to a North Korean hacker.
  • •The platform has pledged to fully compensate affected users and has reported the incident to law enforcement.

On October 1, 2026, NEAR Intents, a cross-chain trading platform, suffered a security exploit resulting in a loss of $3.8 million due to a bug in its Omni deposit and withdrawal layer. The attacker transferred the stolen funds to KuCoin and converted them into bitcoin. NEAR Intents has paused its services and reported the incident to law enforcement while promising full compensation to affected users. The exploit occurred shortly after NEAR Intents blocked a $50 million swap attempt linked to a North Korea-associated hacker. The NEAR token dropped 6.7% to $4.96 following the incident. The vulnerability has been patched, and services are expected to resume shortly. NEAR Intents has handled over $30 billion in swaps across 35 blockchains, highlighting the risks associated with cross-chain transactions.

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Timeline

2026-10-01
NEAR Intents exploit reported
A bug in the Omni deposit and withdrawal layer led to a $3.8 million loss, prompting service suspension.
Decrypt.Co
2026-10-01
Vulnerability patched
NEAR Intents announced that the bug affecting its smart contract has been patched and services will resume shortly.
Coindesk

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Common questions

What caused the exploit?
The exploit was caused by a bug in the Omni deposit and withdrawal layer of NEAR Intents.
How much was lost in the attack?
The total loss from the exploit was $3.8 million.
What actions is NEAR Intents taking?
NEAR Intents has paused services, reported the incident to law enforcement, and pledged to fully compensate affected users.