NEAR Intents Suffers $3.8M Exploit: Revenge After Freezing Bitget Hacker Funds? ๐จ
๐ $NEAR experienced sharp volatility, swinging from $5.50 down to $4.82 before stabilizing near $4.90 as cross-chain protocol NEAR Intents paused services following a $3.8M exploit.
๐ฅ The backstory makes this incident especially intriguing. Just days ago, NEAR Intents blocked over $50M in stolen assets from the Bitget exploit and froze $500,000 belonging to the attacker. Many in the community now question if this breach was direct retaliation.
๐ก๏ธ The protocol moved swiftly to secure operations:
๐น The smart contract vulnerability was patched immediately
๐น All affected user funds will receive 100% full refund
๐น Core swap operations resume within 1 hour
๐น Deposits across 11 chains pause for about 12 hours
โก Multi-chain deposit systems remain the most targeted attack vector in crypto, highlighting the ongoing risks of cross-chain bridging.
Do you think hackers targeted NEAR in revenge? ๐
#NEAR #CryptoSecurity #DeFi #Web3
๐ $NEAR experienced sharp volatility, swinging from $5.50 down to $4.82 before stabilizing near $4.90 as cross-chain protocol NEAR Intents paused services following a $3.8M exploit.
๐ฅ The backstory makes this incident especially intriguing. Just days ago, NEAR Intents blocked over $50M in stolen assets from the Bitget exploit and froze $500,000 belonging to the attacker. Many in the community now question if this breach was direct retaliation.
๐ก๏ธ The protocol moved swiftly to secure operations:
๐น The smart contract vulnerability was patched immediately
๐น All affected user funds will receive 100% full refund
๐น Core swap operations resume within 1 hour
๐น Deposits across 11 chains pause for about 12 hours
โก Multi-chain deposit systems remain the most targeted attack vector in crypto, highlighting the ongoing risks of cross-chain bridging.
Do you think hackers targeted NEAR in revenge? ๐
#NEAR #CryptoSecurity #DeFi #Web3
