NEAR Intents issues a 48-hour ultimatum to the hacker, opening the asset-recovery window
After disclosing an estimated $3.8M loss, NEAR Intents moved the incident from “something went wrong” to “we’ve found you.”
According to Cointelegraph, Alex Shevchenko, Managing Director of NEAR Intents, said on Friday that the team has identified the hacker and issued a 48-hour final ultimatum. Previously, as reported by Decrypt and Cointelegraph, NEAR Intents was attacked due to a vulnerability affecting deposits and withdrawals. The platform froze cross-chain swaps and promised compensation to affected users.
The key point here isn’t just the $3.8M loss, but that NEAR Intents—serving as a cross-chain protocol in the NEAR ecosystem—directly influences the ecosystem’s trust and capital flows. Once cross-chain bridges and protocols are attacked, markets often spread the risk to the underlying chain: users worry about fund safety, institutions re-evaluate ecosystem liquidity, and NEAR may face near-term pressure.
From a recovery perspective, the 48-hour ultimatum looks more like a negotiation window than a predetermined outcome. Most of the information so far comes from NEAR Intents’ one-sided statements, and there has been no on-chain evidence of freezes, legal involvement, or a public response from the hacker yet. If there’s no substantive progress within 48 hours—such as assets being frozen, partial restitution, or the hacker confirming anything—the risk of a second trust shock will rise.
What’s worth watching next is whether NEAR Intents will publish on-chain evidence, whether its compensation plan is implemented, and whether NEAR can hold steady after the news cycle intensifies. On the trading side, don’t rush to treat “we found the hacker” as a positive catalyst—focus instead on whether the next 48 hours bring verifiable progress.
$NEAR #NEAR #CryptoSecurity
The above is an information roundup and personal analysis and does not constitute investment advice. If there are any important updates afterward, I will continue to monitor and provide follow-ups.
After disclosing an estimated $3.8M loss, NEAR Intents moved the incident from “something went wrong” to “we’ve found you.”
According to Cointelegraph, Alex Shevchenko, Managing Director of NEAR Intents, said on Friday that the team has identified the hacker and issued a 48-hour final ultimatum. Previously, as reported by Decrypt and Cointelegraph, NEAR Intents was attacked due to a vulnerability affecting deposits and withdrawals. The platform froze cross-chain swaps and promised compensation to affected users.
The key point here isn’t just the $3.8M loss, but that NEAR Intents—serving as a cross-chain protocol in the NEAR ecosystem—directly influences the ecosystem’s trust and capital flows. Once cross-chain bridges and protocols are attacked, markets often spread the risk to the underlying chain: users worry about fund safety, institutions re-evaluate ecosystem liquidity, and NEAR may face near-term pressure.
From a recovery perspective, the 48-hour ultimatum looks more like a negotiation window than a predetermined outcome. Most of the information so far comes from NEAR Intents’ one-sided statements, and there has been no on-chain evidence of freezes, legal involvement, or a public response from the hacker yet. If there’s no substantive progress within 48 hours—such as assets being frozen, partial restitution, or the hacker confirming anything—the risk of a second trust shock will rise.
What’s worth watching next is whether NEAR Intents will publish on-chain evidence, whether its compensation plan is implemented, and whether NEAR can hold steady after the news cycle intensifies. On the trading side, don’t rush to treat “we found the hacker” as a positive catalyst—focus instead on whether the next 48 hours bring verifiable progress.
$NEAR #NEAR #CryptoSecurity
The above is an information roundup and personal analysis and does not constitute investment advice. If there are any important updates afterward, I will continue to monitor and provide follow-ups.
