NEAR Intents Identifies Hacker, Issues 48-Hour Ultimatum
- NEAR Intents reported a security breach leading to the loss of $3.8 million in user funds.
- The company has given the identified hacker a deadline of 48 hours to return the stolen funds.
- General manager Alex Shevchenko shared wallet addresses for Bitcoin, BNB, and Solana for the return of funds.
- A bug in the Omni deposit and withdrawal infrastructure triggered the exploit, prompting NEAR Intents to pause services.
- Funds were reportedly transferred to KuCoin and bridged to Bitcoin, according to blockchain investigator ZachXBT.
The incident underscores vulnerabilities within cryptocurrency platforms and highlights the importance of security measures in protecting user assets. NEAR Intents has committed to compensating affected users fully.
With $3.8 million at stake, NEAR Intents is urging the hacker to utilize responsible disclosure before the ultimatum expires.(Source)
