NEAR issued a 48-hour ultimatum to hackers, saying, “I’ve already got you. Pay up if you know what’s good for you.”

Honestly, when I see news like this, my first reaction is to find it kind of funny.

If a hacker could be scared off by an “ultimatum,” then they shouldn’t be doing this in the first place. You think they’d see NEAR’s official statement and go, “Oh no, I’ve been caught—how terrifying”? Once they’ve transferred the funds, they’re already lying low.

Of course, I’m not saying NEAR shouldn’t pursue this. Not doing so would be stupid. But the way to pursue it shouldn’t be with “ultimatums”—that’s not meant for the hackers. It’s meant for the community.

“Look, we’re taking action.”

I’ve seen this before. Back in 2017, when those exchanges got hacked, which one didn’t immediately post announcements saying, “We are actively handling this,” and “We’ve reached out to the relevant parties”?

And in the end? Not many things were actually recovered. They just sent out a bunch of announcements.

Naturally, I hope NEAR will be different this time. But I can’t bet on it.