According to U.Today, Near Intents has broken its previous silence regarding a recent exploit that resulted in a $3.8 million loss and contributed to a 7.5% decline in the NEAR token value.
In response, Near Intents isolated 11 blockchains to implement emergency fixes. The action was taken directly after discovery of the exploit.
The isolation of the selected blockchains allowed the team to address vulnerabilities without affecting broader network operations. No further details were provided about the scope of changes or timeline for resolution.
The NEAR token experienced a 7.5% drop following public reports of the exploit, consistent with market reaction at the time. Near Intents did not comment on investor impact or future communication plans in its statement.
