Bearish
NEAR Protocol's NEAR token drops 14% to $5.09 amid $3.8M exploit
NEAR Protocol's NEAR token experienced a significant decline, falling 14% to $5.09, following a $3.8 million exploit on its NEAR Intents service. The exploit led to the suspension of services and disruptions in deposits and withdrawals across multiple networks. The NEAR Intents team has patched the vulnerability and pledged full compensation to affected users.
Key points
- NEAR Intents halted services after a $3.8 million exploit, causing a 14% drop in NEAR token price.
- The exploit was due to a bug in the Omni deposit and withdrawal system interacting with the NEAR Intents smart contract.
- The vulnerability has been patched, and the team has pledged full compensation to affected users.
- Deposits and withdrawals across 11 networks remain disrupted as the team works on restoring full functionality.
Sources
- NEAR Intents halts services after $3.8 million exploit, promises full compensationThe Block · October 1, 2026
- NEAR Protocol Price Drops as $3.8M NEAR Intents Hack Halts SwapsCryptoCompass · October 1, 2026
- NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continuesCoinDesk · October 1, 2026
- Near Protocol slides below $5.00 after Near Intents $4M exploitTMGM Asia · October 1, 2026
AI-generated from public news sources. Not financial advice.
