The contract-side flaw has been patched, but repairs to the transfer infrastructure are continuing. Restoring the trading service and reopening deposits and withdrawals across affected networks follow separate timelines.
NEAR Intents said it halted services on October 1 after a security incident that caused approximately $3.8 million in losses, according to its preliminary assessment. The team traced the problem to an interaction between its Omni deposit and withdrawal infrastructure and the NEAR Intents smart contract. It says the contract-side vulnerability has been patched and the lost funds will be compensated in full.
Full compensation promised, payment details still pending
The official account published its statement at 12:53 UTC on October 1. It described the loss figure as preliminary, so $3.8 million should not yet be treated as a final tally. Its commitment on the funds was explicit:
“These funds will be compensated in full.”
The statement does not specify when compensation will be paid, which asset will be used or whether users will need to submit a claim. The team says it has notified law enforcement and is working with security and blockchain analytics partners to trace the funds and pursue recovery. A detailed incident report is promised in the coming days.
NEAR Intents’ official statement on losses, compensation and service recovery
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Deposits and withdrawals on 11 networks face a longer pause
At the time of the statement, the team expected NEAR Intents and near.com operations to resume within about an hour. Repairs to Omni infrastructure were expected to keep deposits and withdrawals unavailable for roughly 12 additional hours on 11 networks: BNB Smart Chain, Polygon, TON, Optimism, Avalanche, Stellar, Monad, X Layer, ADI, Scroll and Plasma.
At 14:47 UTC on October 1, the Shield status page still showed open entries for the affected networks. The separate 1Click Swap incident record also remained at the “detected” stage. The estimated recovery windows should therefore not be read as confirmation that services have reopened.
Trading inside the service and transferring out are separate operations. The team says users who already hold assets from these networks inside NEAR Intents will be able to swap them for other assets once the service resumes. Withdrawing to, or depositing from, the affected network depends on a separate part of the repair.
A flaw at the cross-chain transfer boundary
According to the NEAR Intents documentation, users specify the asset they want and its destination network, while market makers compete to fulfil the request. An operation presented as one swap involves separate quoting, contract verification and cross-chain transfer components.
The disclosed flaw concerns the interaction between Omni and the contract. The statement does not establish that the underlying NEAR blockchain was compromised or that the listed networks themselves stopped operating. The assets involved in the loss, the number of affected users and the detailed exploit method have not yet been published.
