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CryptoMediumUpdated×2•Originally published 1 October 2026•Updated 1 October 2026•
1 min read

Near Intents Protocol Hacked for $3.8M via Cross-Chain Software Bug

Key Facts

1Near Intents suffered a hack draining approximately $3.8 million due to a software bug.
2The protocol froze cross-chain swaps and promised to repay all affected users.

Near Intents suffered a hack draining approximately $3.8 million due to a software bug. Decrypt reported that the protocol froze cross-chain swaps after an attacker exploited a vulnerability in the protocol's swap logic to perform unauthorized fund withdrawals.

The protocol team has pledged to repay all affected users in full following the security breach. This incident occurs amid shifting economic sentiment, as the Michigan Consumer Sentiment index in the US was recorded at 48.1 on September 25, 2026, down from a previous reading of 51.7.

Latest Updates · 2

  1. Notable·

    Update: The Near Intents team patched the cross-chain infrastructure flaw on October 1, 2026. This fix addresses the vulnerability that led to the $3.8 million loss and secures the protocol's swap logic against further unauthorized withdrawals.

  2. Notable·

    Update: The $3.865 million in stolen funds have been tracked moving to the KuCoin exchange. Reports indicate the attacker converted the assets into Bitcoin before transferring them to the exchange on October 1, 2026.