Bullish
NEAR Protocol recovers $3.8M after exploit; price rises 5.94% to $5.28.
NEAR Protocol's cross-chain service, NEAR Intents, was exploited for $3.8 million on October 1, 2026, leading to a temporary halt in services. The funds were returned within 48 hours, and the platform resumed operations. Following the incident, NEAR's price increased by 5.94% to $5.28, indicating market confidence in the protocol's resilience.
Key points
- NEAR Intents swiftly recovered $3.8 million after exploit; services resumed.
- NEAR's price rose 5.94% to $5.28 post-recovery.
- NEAR Intents paused services across multiple blockchains during investigation.
- NEAR Intents reported the exploit to law enforcement and is collaborating with security firms.
Sources
AI-generated from public news sources. Not financial advice.
