NEAR Intents rejects ‘500M+ quotes from Binance hackers,’ but what’s next for the project?

NEAR Intents has often grabbed attention from users due to its security and speeds. For instance, the protocol is in the news today after rejecting over 500 million transaction quotes linked to the Binance hackers. The amount seemed to be proceeds from 29th October's exploit. Simply put, the move implied that despite the infrastructure being permissionless, it does not necessitate a free pass for money laundering. NEAR Protocol [NEAR] briefly fell from the top-20 cryptos by market cap, but it has since reclaimed its spot, rising to 18th place. At press time, the altcoin was down by over 12% on the weekly charts as capital outflows surged despite infrastructure adoption.

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