Bearish
NEAR Intents suffers $3.8M exploit; NEAR token drops 8.7% to $4.92.
NEAR Intents, a cross-chain swap service built on NEAR Protocol, experienced a $3.8 million exploit due to a smart contract vulnerability, leading to an 8.7% decline in NEAR's token price to $4.92. The team has patched the flaw and pledged full user reimbursement, but deposits and withdrawals across 11 networks remain disrupted.
Key points
- NEAR Intents halts services after $3.8 million exploit; full compensation pledged.
- NEAR token slides 8.7% to $4.92 following exploit; market reacts negatively.
- NEAR Intents patches cross-chain flaw; deposits and withdrawals paused on 11 networks.
Sources
AI-generated from public news sources. Not financial advice.
