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Near Intents halts service after $3.8M crypto hack, promises full compensation and law enforcement involvement

Market News
01 Oct 2026, 18:43 WIB
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Bearish
Near Intents halts service after $3.8M crypto hack, promises full compensation and law enforcement involvement

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 vulnerability, reported the incident to law enforcement, and promises full compensation to affected users. This exploit caused the NEAR token to drop nearly 7%, shortly after Near Intents blocked a large swap attempt linked to a North Korea-associated hacker. Core services are expected to resume soon after further fixes.

The NEAR token fell 6.50% on Pluang as of Oct 01, 2026, 23:03 WIB, aligning closely with the nearly 7% drop noted after the Near Intents exploit. Despite this decline, NEAR's market cap remains substantial at Rp114,66 trillion, supported by a strong 24-hour trading volume of Rp30,02 trillion. On Pluang, the order activity favors buying at 70%, with investors typically holding NEAR for 51 days, indicating ongoing interest despite recent setbacks.

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