Near Intents Recovers $3.8 Million After Public Ultimatum
- Near Intents recovered the full $3.8 million stolen during a recent exploit.
- The recovery followed a public ultimatum by general manager Alex Shevchenko, who stated, “We have identified you, sir,” giving the attacker a deadline of 48 hours to return the funds.
- An on-chain message from the exploiter admitted fault and urged others to use bug bounties instead of exploiting vulnerabilities.
- The exploit occurred due to a bug in Near Intents’ Omni deposit and withdrawal layer interacting with its main smart contract.
- Near Intents had halted service and pledged to compensate users in full while reporting the incident to law enforcement.
After issuing a public ultimatum, Near Intents successfully recovered $3.8 million that was stolen in an exploit due to a bug in their system’s interaction layers. The attacker returned the funds within the given deadline after being publicly identified by Alex Shevchenko.(Source)
