NEAR Intents suffered a $3.8 million exploit on October 1, 2026, due to a bug in its cross-chain infrastructure on BNB Chain. The protocol halted services, patched the flaw quickly, and is now pressuring the attacker with a 48-hour deadline to return the stolen funds, which were traced to KuCoin and converted to Bitcoin. NEAR Intents is working with law enforcement and promises full compensation to affected users. Despite the exploit being limited to NEAR Intents, the NEAR token dropped 6-10%, reflecting market concern amid growing adoption and new product launches like the US spot NEAR ETF.
As of October 2, 2026, 09:21 WIB, NEAR trades at Rp89.030, down 4.75% in one day, showing a sharper decline compared to KuCoin Token (KCS), which fell only 0.68% to Rp131.367. NEAR's market cap of Rp113,63 trillion contrasts with KCS's Rp18,3 trillion, highlighting NEAR's larger scale despite the recent exploit. On Pluang, NEAR sees a higher sell activity at 76% versus KCS's 44%, reflecting stronger selling pressure on NEAR amid the incident.
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NEAR Protocol recorded $197.55 million in 24-hour decentralized exchange (DEX) volume, narrowly surpassing Avalanche's $193.92 million, driven largely by NEAR Intents, an intent-based trading system simplifying user trades. NEAR Intents has processed...
NEAR Intents restored service after a $3.8 million exploit targeting USDT on Binance Smart Chain, caused by a vulnerability in Omni's deposit and withdrawal interaction with NEAR Intents smart contract. The issue was detected and fixed within an hour...
NEAR's price fell below $5 on October 1 following a $3.8 million exploit in the NEAR Intents platform, which affected its Omni deposit and withdrawal system. NEAR Intents paused services, patched the vulnerability, and pledged full reimbursement to a...
Near Intents, a crypto swapping service, paused operations after a bug in its Omni deposit and withdrawal layer allowed an attacker to steal about $3.8 million. The stolen funds were traced to KuCoin and converted to bitcoin. The team has patched the...
