NEAR Token Slump Deepens to 13% Reaching $5.50 Following Intents Exploit
Key Facts
The NEAR token price dropped by 13% on October 1, 2026, to reach $5.50, reversing the bullish momentum that had been building since February. This decline followed a security exploit on the NEAR Intents cross-chain swap service which resulted in a loss of approximately $3.8 million, according to BeInCrypto.
The exploit specifically targeted the swap service, though the underlying NEAR Protocol blockchain itself was not reported as compromised. This price pressure follows a period of mixed global economic data, including the US Michigan Consumer Sentiment index which reached 48.1 on September 25, 2026.
Latest Updates · 5
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Update: NEAR Intents issued a 48-hour ultimatum on October 2, 2026, for the hackers to return the $3.8 million in stolen assets. This move represents a formal attempt by the platform to recover funds following the security breach that targeted its swap service.
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Update: The NEAR Intents General Manager issued a 48-hour deadline for the suspected hacker to return the $3.8 million in stolen funds on October 2, 2026. This ultimatum follows the team's successful identification of the individual responsible for the security exploit.
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Update: The general manager of NEAR Intents issued a 48-hour ultimatum to the attacker on October 2, 2026, to return the stolen funds. This move is part of the efforts to recover the $3.8 million lost during the recent security exploit.
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Update: The NEAR Intents team announced on October 2, 2026, that they have identified the hacker responsible for the $3.8 million theft. The protocol issued a 48-hour ultimatum for the attacker to return the funds before further action is taken.
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Update: NEAR Intents has halted deposit and withdrawal operations across 11 networks following the incident. The service announced it has patched the smart contract flaw and committed to providing full compensation to all affected users.