NEAR Price Drops Amid $3.8M Exploit, Post-Rally Pullback

NEAR's price dropped by approximately 4.6% over the last ~25 hours, largely due to a $3.8 million exploit at NEAR Intents, a major ecosystem app.

The exploit was caused by a bug in Omni's deposit and withdrawal infrastructure interacting with its smart contract, affecting USDT on BNB Chain but not the NEAR token or base protocol.

Despite full fund recovery, the incident created a short-term security overhang, prompting a pullback after a 150-180% rally in the past 30 days as the lead AI-sector token.