NEAR Intents says a bug in how its Omni deposit and withdrawal infrastructure interacted with its smart contract led to a preliminary loss of about $3.8 million. The team says it will compensate users in full and has patched the contract vulnerability.

NEAR Intents and near.com services are expected to resume within an hour. Deposits and withdrawals on BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma will remain paused for about 12 more hours as Omni infrastructure fixes are completed.

Users holding assets from those networks in NEAR Intents, including through HOT Wallet or near.com, will be able to swap them into other assets once services resume.

NEAR says it has reported the incident to law enforcement and is working with security and blockchain analytics partners to trace the funds and pursue recovery. A detailed report is expected in the coming days.

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