The Block Update: NEAR Intents GM Alex Shevchenko says suspected $3.8 million exploiter identified, given 48 hours to return funds
AI Market Summary
NEAR Intents halted services after a smart-contract interaction bug with Omni's deposit/withdrawal infrastructure led to ~$3.8M in losses. The team says the vulnerability is patched, the responsible entity has been identified with a 48-hour return window, and users will be fully compensated. Near-term, this is a reputational and operational risk event for NEAR-related DeFi flows, partially mitigated by remediation and restitution commitments.
Impact level
● Medium
Affected assets
NEAR/USDT-14.52%
AI Insight · NEAR/USDTAI Insight
● Neutral
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UPDATE: NEAR Intents General Manager Alex Shevchenko said the team has identified the entity believed to be behind the roughly $3.8 million exploit and has issued a 48-hour deadline to return the funds. "You know better than most how responsible disclosure works — this is the last window to use it," Shevchenko said.
near:native: THE BLOCK: NEAR Intents paused services after a bug in the way its smart contract interfaced with Omni's deposit and withdrawal infrastructure resulted in about $3.8 million in losses. The team said it has patched the vulnerability and will make users whole. Link:
