NEAR Intents general manager Alex Shevchenko said the project recovered the approximately $3.8 million lost in an exploit after giving the alleged exploiter 48 hours to return the funds. The announcement, reported on October 3, 2026, is a project-reported recovery: the available coverage does not independently reconcile every return transaction or provide a complete technical postmortem.
What happened to NEAR Intents?
NEAR Intents halted services after an exploit caused an estimated $3.8 million in losses, according to The Block’s October 1, 2026 report. The report attributed the vulnerability to a bug in the way Omni deposit and withdrawal infrastructure interacted with the NEAR Intents smart contract.
The Block reported that the contract flaw was patched and that NEAR pledged to compensate affected users in full. It also said deposits and withdrawals on 11 networks were expected to face a longer disruption than the near-term reopening of services. That was the status reported around the initial incident, not confirmation of current availability.
Was the $3.8 million returned?
Shevchenko announced that the funds had been sent back in full. Cointelegraph, in a report republished by LCX on October 3, attributed this statement to his X post: “The funds from the $3.8M NEAR Intents hack were sent back in full.” The full-return figure is therefore an announcement attributed to Shevchenko, not a transaction-by-transaction total independently established by the available reporting.
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BlockTempo reported that a Bitcoin address published for returns received about 34.59 BTC. It also said Shevchenko acknowledged that other routes accounted for the remainder, without explaining those routes. The reported address receipts alone do not reconcile the full amount.
The Block also reported that investigator ZachXBT traced funds through KuCoin and onward to Bitcoin. That attributed tracing account does not, by itself, establish the complete recovery path.
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What did the 48-hour ultimatum mean?
Coverage by BlockTempo says Shevchenko gave the alleged exploiter 48 hours to return the funds through a responsible-disclosure window. Cointelegraph’s LCX-republished report says the project claimed it had identified the person responsible. The reports do not explain how that identification was made or independently establish the person’s identity.
After announcing the return, Shevchenko said: “We are stopping the investigation. Please use bug bounties instead of disrupting the services.” The appeal directs security researchers toward bug-bounty programs rather than unauthorized activity; the coverage does not name a specific program or establish its terms.
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What remains unconfirmed?
- The reporting does not provide a complete public technical postmortem explaining the vulnerability and its exploitation.
- The published Bitcoin-address figure does not account for the entire announced recovery, and the reported additional routes are not detailed.
- The initial reports describe service disruption, including on 11 networks, but do not confirm current deposit and withdrawal availability.
For readers assessing the outcome, the distinction is important: the project reported a full recovery and had previously pledged compensation, while the available reporting does not independently verify the entire return or explain every technical and transaction detail.
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