📰 CRYPTO NEWS
NEAR Intents, a protocol from the NEAR ecosystem, was hacked for a total of $3.8 million, generating a new alarm in the DeFi world. What makes this case particular is the team’s response: the general manager, Alex Shevchenko, publicly told the hacker "we’ve identified you," issuing a 48-hour ultimatum that implies they know exactly who is behind the attack. This strategy of public pressure is increasingly being used by protocols as an alternative to simply reporting the incident, seeking to recover the funds before escalating to legal authorities. If the hacker returns the money within the deadline, they will likely receive a "white hat bounty" and avoid bigger consequences—a mechanism we’ve already seen work in other high-profile cases. It’s worth asking: how much damage does this kind of news do to trust in NEAR ecosystem projects and in DeFi in general, just at a time when the market needs to consolidate credibility?
What do you think? I’ll read your comments below 👇
NEAR Intents, a protocol from the NEAR ecosystem, was hacked for a total of $3.8 million, generating a new alarm in the DeFi world. What makes this case particular is the team’s response: the general manager, Alex Shevchenko, publicly told the hacker "we’ve identified you," issuing a 48-hour ultimatum that implies they know exactly who is behind the attack. This strategy of public pressure is increasingly being used by protocols as an alternative to simply reporting the incident, seeking to recover the funds before escalating to legal authorities. If the hacker returns the money within the deadline, they will likely receive a "white hat bounty" and avoid bigger consequences—a mechanism we’ve already seen work in other high-profile cases. It’s worth asking: how much damage does this kind of news do to trust in NEAR ecosystem projects and in DeFi in general, just at a time when the market needs to consolidate credibility?
What do you think? I’ll read your comments below 👇