Hackers tried to transfer more than $50 million through $NEAR Intents; in the end, only $166 thousand went through, and another $503 thousand has been frozen while the process is ongoing.
Behind this is the SHIELD risk intelligence level; the team also voluntarily declined the reward for recovering the stolen funds.
This event makes me more optimistic about NEAR’s future development.
The ability to perform cross-chain transfers and control the movement of funds will determine whether this infrastructure is adopted by a larger number of organizations.
Protection of privacy and identification of known stolen funds can coexist—the key is that the rights to block, the evaluation rules, and the appeals mechanism are transparent enough.
If NEAR wants to handle larger-scale financial operations, it needs to build trust in addition to execution efficiency, and in this case they achieved an ideal result. $NEAR
Behind this is the SHIELD risk intelligence level; the team also voluntarily declined the reward for recovering the stolen funds.
This event makes me more optimistic about NEAR’s future development.
The ability to perform cross-chain transfers and control the movement of funds will determine whether this infrastructure is adopted by a larger number of organizations.
Protection of privacy and identification of known stolen funds can coexist—the key is that the rights to block, the evaluation rules, and the appeals mechanism are transparent enough.
If NEAR wants to handle larger-scale financial operations, it needs to build trust in addition to execution efficiency, and in this case they achieved an ideal result. $NEAR