NEAR Intents Reports Full Recovery After $3.8 Million Exploit
NEAR Intents announced that the entire stolen amount of approximately $3.8 million was returned after the exploit. However, the incident’s complete technical details and the identity of the responsible person are not publicly known yet.
NEAR Intents announced the full recovery of approximately $3.8 million after an exploit. Project general manager Alex Shevchenko reported this on October 2, 2026. The project had suspended services the previous day after an incident that, according to his statement, involved an error in connecting Omni’s deposit and withdrawal infrastructure with the NEAR Intents smart contract.
Shevchenko said the team was ending its internal investigation. Independent crypto media also reported that the funds were returned before the 48-hour deadline the manager had publicly set for the alleged attacker.
NEAR Intents Announces Funds Returned After Appeal
On October 1, NEAR Intents reported an exploit and temporarily suspended services. The initial estimated loss was approximately $3.8 million. The project promised at the time to fully compensate affected users.
The following day, Shevchenko called on the alleged attacker on X to return the funds within 48 hours. He also said that the team had identified the person. He later announced the full return of the amount and the end of the internal investigation.
However, the identity of the person responsible for the exploit has not been publicly substantiated or disclosed. The claim of identification therefore remains information originating directly from Shevchenko.
Incident Involved Deposits and Withdrawals
According to the project’s statement, the problem involved interaction between Omni’s deposit and withdrawal infrastructure and the NEAR Intents smart contract.
The return of the full amount significantly reduces the project’s direct financial damage and the potential need to fund the promised reimbursements from its own resources. However, the incident also caused a short-term disruption to deposits and withdrawals.
A complete technical post-mortem is not publicly available yet. Therefore, the full course of the attack, its ultimate impact on users, and the specific remedial measures NEAR Intents has taken or plans to take are not known.
What Remains Unclear
- whether and when deposits and withdrawals will be fully restored on all affected networks,
- what technical findings the project will publish in its post-mortem analysis,
- whether ending the internal investigation also means ending any potential actions by law enforcement authorities,
- whether KuCoin or the relevant authorities will comment on tracing the funds or further investigation.
The project’s announcement that the funds were returned addresses the immediate question of the financial loss. However, the incident is not publicly closed from a technical or legal perspective until further information is released.
Sources
- Alex Shevchenko on X – NEAR Intents’ general manager announced that approximately $3.8 million had been returned in full and that the internal investigation was ending.
- NEAR Intents on X – The project said the exploit was caused by an error in the interaction between Omni’s deposit and withdrawal infrastructure and the smart contract.
- The Block – Documents the service suspension, the estimated loss of approximately $3.8 million, the bug fix, and the compensation promise.
- Cointelegraph – Confirms the announcement of the full return of funds after the 48-hour ultimatum.
Verified and updated: 10/04/2026 15:21
