NEAR Protocol Rebounds with 6.10% Price Surge on Sunday

NEAR Protocol (NEARUSD) saw a 6.10% price increase to $4.97 on Sunday, outperforming the flat crypto market. This surge was driven mainly by capital rotation into high-momentum assets, with buying interest rising after the protocol's cross-chain swap system, NEAR Intents, fully recovered $3.8 million stolen in an exploit on October 1.

General Manager Alex Shevchenko publicly identified the attacker and issued a 48-hour deadline, which led to the return of the funds with an on-chain apology. The incident was contained to a bug in the Omni deposit layer, with compensation to users pledged by the team.

This incident shows the team's operational security and commitment to user funds, which could strengthen trust. However, it also highlights ongoing smart contract risks in complex, high-profile altcoin-season-related projects.