NEAR Intents reports a 3.87 million USD exploit: What it means for the NEAR Protocol price

Published on 10/26/2026 at 18:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The issuance vote closes November 2 at 1.6 percent. The NEAR Protocol price is 4.49 USD on October 26, 2026, down 0.01 percent.

Security and supply developments

NEAR Intents faced a 3.87 million USDT exploit on October 26, 2026.
NEAR Protocol reported more than 32 billion USD in cumulative Intents volume as of October 6, 2026.
The NEAR Protocol price stands at 4.49 USD as of October 26, 2026, 0.01 percent below the UTC daily close of October 25, 2026.
The issuance vote closes on November 2, 2026, with a proposed 1.6 percent annual ceiling.

NEAR Protocol, XCRYPTONEAR9, Illustration mit AI erstellt.

NEAR Protocol (NEAR) faces a reported 3.87 million USDT exploit affecting its cross-chain Intents infrastructure on October 26, 2026. The NEAR Protocol price stands at 4.49 USD as of October 26, 2026, 0.01 percent below the UTC daily close of October 25, 2026.

A 3.87 million USDT exploit pauses 11 networks

According to Ground News, a contract flaw allowed an attacker to remove 3.87 million USDT from a contract used by NEAR Intents on October 26, 2026. On-chain data identified 3.87 million USDT leaving a contract on BNB Chain within six hours.

Ground News reported that the protocol patched the flaw and paused deposits and withdrawals across 11 networks during repairs. The report said the affected networks were expected to remain paused for 12 hours while the Omni infrastructure was repaired. The incident concerns transaction routing across chains rather than the core NEAR token ledger.

Issuance vote closes on November 2, 2026

A separate governance proposal would reduce NEAR's maximum annual issuance from 2.5 percent to 1.6 percent after a 90-day grace period and a 24-month phase-in. TokenPost reported that the House of Stake vote closes on November 2, 2026, at 11:48 a.m. Eastern Time, or 16:48 UTC.

The proposal keeps 90 percent of newly issued tokens allocated to staking participants and 10 percent to the protocol treasury, according to TokenPost. The publication also reported that approval alone would not change issuance: a separate protocol upgrade must be implemented and adopted by validators. The proposal models gross staking yield falling from 5.268 percent to 3.372 percent at the lower issuance rate.

NEAR reports more than 32 billion USD in Intents volume

In a report dated October 19, 2026, NEAR Protocol said cumulative NEAR Intents volume exceeded 32 billion USD as of October 6, 2026. Cumulative fees exceeded 52 million USD, and more than 8 million USD had been captured for buybacks.

The same report put lifetime fee capture at 16.4 percent on October 6, 2026, compared with 11.5 percent in the second quarter. It also said more than 750,000 NEAR had been staked for confidential artificial intelligence inference, a system that uses locked tokens to qualify for recurring compute credits.

NEAR Protocol price stands at 4.49 USD

According to Investing.com, the NEAR Protocol price is 4.49 USD as of October 26, 2026. It is 0.01 percent below the UTC daily close of October 25, 2026, with a daily high of 4.61 USD and a daily low of 4.45 USD for the UTC day. Investing.com lists market capitalization at 5.84 billion USD, rank 17, and 24-hour volume at 614.30 million USD. Circulating supply is 1.31 billion NEAR.