EL7.AI
CryptoMediumUpdated•Originally published 1 October 2026•Updated 2 October 2026•
1 min read

NEAR Protocol Price Drops 8% Following $3.8M NEAR Intents Exploit

Key Facts

1NEAR price fell 8% to $4.91 over 24 hours following a $3.8 million exploit on NEAR Intents.
2The $3.8 million exploit led to a temporary halt of services on NEAR Intents.

NEAR price fell 8% to $4.91 over 24 hours following a $3.8 million exploit on NEAR Intents. CoinGape reported that the security breach led to a temporary halt of services on the protocol as engineers worked to address the vulnerability.

The digital asset faced immediate selling pressure, with recent price action recording a 4.07% decline on October 1, 2026. According to the protocol team, the flaw involved infrastructure used for deposits and withdrawals, and a pledge has been made to provide full compensation for the affected assets.

Latest Updates · 1

  1. Notable·

    Update: NEAR Protocol is considering a proposal to reduce its token issuance rates to slow down supply growth. This potential shift in tokenomics is expected to lower staking yields for network participants if implemented.