🚨 $NEAR RECOVERED THE FULL $3.8M FROM THE EXPLOIT
$3.8M stolen → $3.8M returned. But guys, the sentiment around NEAR isn't automatically fixed yet.
On October 1, NEAR Intents suffered an exploit involving around $3.8M, and NEAR dropped more than 5% as the incident hit the market. The vulnerability was patched quickly, and the team identified the exploiter within 24 hours.
Then on October 2, the exploiter returned the full $3.8M, before the 48-hour deadline.
That's obviously very positive: users are made whole and the immediate financial damage is gone.
But the exploit itself still matters. The market will want to see what caused it, how it was fixed and whether the fix is fully secure before confidence completely normalizes. The team has said a detailed post-mortem will follow.
So my take: full recovery = very positive, but sentiment recovery still needs confirmation. $ARB $DOT
$3.8M stolen → $3.8M returned. But guys, the sentiment around NEAR isn't automatically fixed yet.
On October 1, NEAR Intents suffered an exploit involving around $3.8M, and NEAR dropped more than 5% as the incident hit the market. The vulnerability was patched quickly, and the team identified the exploiter within 24 hours.
Then on October 2, the exploiter returned the full $3.8M, before the 48-hour deadline.
That's obviously very positive: users are made whole and the immediate financial damage is gone.
But the exploit itself still matters. The market will want to see what caused it, how it was fixed and whether the fix is fully secure before confidence completely normalizes. The team has said a detailed post-mortem will follow.
So my take: full recovery = very positive, but sentiment recovery still needs confirmation. $ARB $DOT
