NEAR Intents confirmed an exploit of more than $3.8 million on October 1, 2026, closed the vulnerability and halted deposits and withdrawals on eleven networks. Full reimbursement of all affected funds has been promised; a date for it has not. If you have used the swap layer to move balances between two blockchains, one thing now decides above all: where your balance sits at this moment, and whether it has to stay there.
The price of NEAR stood at $4.90 on the afternoon of October 1, 2026, 6.96 percent below the previous day; over the week the value is up 7.66 percent. The price here is only the visible part, though. The more important part is an infrastructure through which, according to the operators, more than $30 billion has already flowed across 35 networks, and which was only partly usable for several hours.
What happened at NEAR Intents on October 1, 2026
NEAR Intents is the cross-chain swap layer in the orbit of the NEAR protocol. This layer takes in an intention, such as swapping a token on one blockchain for a token on another, and lets service providers compete to execute it. On Thursday, irregular withdrawals ...
English (US)