#NEARFallsToAround$4.70Down14%
๐จ$3.8M NEAR INTENTS EXPLOIT โ 48 HOURS TO RETURN THE FUNDS
A major security incident has put $NEAR under pressure.
NEAR Intents suffered an exploit involving a bug in the interaction between its Omni deposit/withdrawal infrastructure and a NEAR Intents smart contract. The preliminary loss was reported at around $3.8 million.
Now comes the biggest development:
๐จ NEAR Intents GM Alex Shevchenko says the team has identified the person behind the exploit.
The suspected attacker has been given 48 hours to return the funds through a responsible-disclosure process.
โThis is the last window to use it.โ
The team has also published return addresses across Bitcoin, BNB/Ethereum and Solana. As of the latest reports, there was no confirmation that the stolen funds had been returned.
โ ๏ธ WHY $NEAR IS UNDER PRESSURE
The exploit adds fresh security concerns around cross-chain infrastructure.
NEAR Intents has said the contract vulnerability was patched and that affected users would be fully compensated. The team also said it was working with security and blockchain-analysis partners to trace the funds.
Blockchain tracking has reportedly followed the majority of the stolen funds, with a significant portion moved into Bitcoin.
๐ NOW WATCH THESE 3 THINGS
1๏ธโฃ Will the $3.8M be returned within 48 hours?
2๏ธโฃ How much of the stolen crypto can actually be recovered?
3๏ธโฃ Can $NEAR stabilize after the sharp sell-off?
This is no longer just a price story.
It is a security + recovery + confidence story for the NEAR ecosystem.
๐ฅ The next 48 hours could be critical for the recovery effort and market sentiment around $NEAR.
What do you think?
Will the attacker return the funds โ or move them further? ๐
#NEAR #NEARProtocol #NEARIntents #CryptoHack #CryptoSecurity #DeFi #Altcoins #CryptoNews #Blockchain #Web3 #BTC #ETH #SOL #Trading #CryptoMarket
๐จ$3.8M NEAR INTENTS EXPLOIT โ 48 HOURS TO RETURN THE FUNDS
A major security incident has put $NEAR under pressure.
NEAR Intents suffered an exploit involving a bug in the interaction between its Omni deposit/withdrawal infrastructure and a NEAR Intents smart contract. The preliminary loss was reported at around $3.8 million.
Now comes the biggest development:
๐จ NEAR Intents GM Alex Shevchenko says the team has identified the person behind the exploit.
The suspected attacker has been given 48 hours to return the funds through a responsible-disclosure process.
โThis is the last window to use it.โ
The team has also published return addresses across Bitcoin, BNB/Ethereum and Solana. As of the latest reports, there was no confirmation that the stolen funds had been returned.
โ ๏ธ WHY $NEAR IS UNDER PRESSURE
The exploit adds fresh security concerns around cross-chain infrastructure.
NEAR Intents has said the contract vulnerability was patched and that affected users would be fully compensated. The team also said it was working with security and blockchain-analysis partners to trace the funds.
Blockchain tracking has reportedly followed the majority of the stolen funds, with a significant portion moved into Bitcoin.
๐ NOW WATCH THESE 3 THINGS
1๏ธโฃ Will the $3.8M be returned within 48 hours?
2๏ธโฃ How much of the stolen crypto can actually be recovered?
3๏ธโฃ Can $NEAR stabilize after the sharp sell-off?
This is no longer just a price story.
It is a security + recovery + confidence story for the NEAR ecosystem.
๐ฅ The next 48 hours could be critical for the recovery effort and market sentiment around $NEAR.
What do you think?
Will the attacker return the funds โ or move them further? ๐
#NEAR #NEARProtocol #NEARIntents #CryptoHack #CryptoSecurity #DeFi #Altcoins #CryptoNews #Blockchain #Web3 #BTC #ETH #SOL #Trading #CryptoMarket
