$NEAR encountered a security incident that led to estimated losses of about $3.8 million. According to initial information, the cause was an error in the intermediary system that transfers funds from other chains into Near Intents and withdraws them.
Some related details include:
1️⃣ Near announced that it will fully compensate users who were affected. As for the Near Protocol, the $3.8 million loss is like an insect bite on stainless steel. The main issue here is the trust of the projects integrating Near Intents.
2️⃣ To ensure security, deposits/withdrawals on networks such as Polygon, BNB Chain, Ton, Optimism, Avalanche,... will be temporarily paused for 12 hours to control risk.
3️⃣ According to ZachXBT, the $3.8 million was converted into various other assets such as $ETH and $BTC.
Immediately after the attack, $NEAR dropped by 10%.
Source: hak research
Some related details include:
1️⃣ Near announced that it will fully compensate users who were affected. As for the Near Protocol, the $3.8 million loss is like an insect bite on stainless steel. The main issue here is the trust of the projects integrating Near Intents.
2️⃣ To ensure security, deposits/withdrawals on networks such as Polygon, BNB Chain, Ton, Optimism, Avalanche,... will be temporarily paused for 12 hours to control risk.
3️⃣ According to ZachXBT, the $3.8 million was converted into various other assets such as $ETH and $BTC.
Immediately after the attack, $NEAR dropped by 10%.
Source: hak research