NEAR Intents lost approximately $3.865 million in USDT to an exploit that straddled September 30 and October 1, 2026. Then, in a plot twist DeFi rarely gets, the money came back. The attack traced to a bug in the Omni crosschain system. GM Alex Shevchenko publicly named the attacker, issued a 48-hour deadline, and recovered the full amount within 24 hours. What broke, and how fast it got patched NEAR Intents is a cross-chain trading and settlement protocol on the NEAR blockchain that lets users move and swap assets across multiple networks without manually routing every hop themselves. The bug lived in the interaction between the Omni deposit-and-withdrawal system and the NEAR Intents smart contract. The attacker pulled funds from a BNB Chain vault through five main withdrawals over roughly six hours. Only USDT on BNB Smart Chain was affected, and the broader NEAR Protocol and its native token were not hit. The team patched the flaw within an hour of detecting it. Services were then paused across 11 networks for about 12 more hours while remediation work continued. The ultimatum that actually worked The disclosure and service pause came on October 1. Shevchenko, the GM of NEAR Inte...
NEAR Intents GM addresses $3.865 million exploit tied to Omni bug
4 days ago
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