NEAR Intents Halts Services After $3.8M Exploit
NEAR Intents temporarily suspended services after a security breach in Omni’s deposit and withdrawal infrastructure caused an estimated $3.8 million loss. The vulnerability involved the connection between Omni and NEAR Intents smart contracts and has reportedly been patched.
NEAR Intents said its core services and near.com were expected to resume within about one hour. Deposits and withdrawals on BNB Chain, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma were expected to remain suspended for roughly 12 additional hours.
NEAR Intents has promised full reimbursement for affected users, reported the incident to law-enforcement agencies and hired security and blockchain analytics firms to trace the stolen assets. On-chain investigator ZachXBT said funds from a BSC hot wallet moved rapidly to KuCoin before being bridged to Bitcoin.
Traders should monitor the reopening of NEAR Intents services, changes to the estimated loss and further on-chain fund movements. The exploit highlights continued risks in cross-chain infrastructure and DeFi security. Full reimbursement could limit longer-term damage, but the incident may weigh on sentiment toward NEAR Intents and related assets in the short term.
Bearish
The immediate market impact is likely bearish for NEAR-related assets and sentiment around NEAR Intents. A $3.8 million exploit, temporary service suspension and halted deposits and withdrawals can increase selling pressure, reduce liquidity and prompt traders to avoid affected markets. On-chain movement of the stolen funds may add further volatility if assets are sold or transferred through exchanges.
The impact may remain contained if services resume as planned and NEAR Intents fully reimburses users. A confirmed fix, transparent incident report and successful asset recovery could support confidence over the longer term. However, until those steps are completed, traders are likely to apply a security-risk discount, making the short-term reaction bearish despite limited evidence of broader contagion.