The attacker's 100% reimbursement of funds has been officially verified by Alex Shevchenko (CEO of the project) and Illia Polosukhin (Co-founder of NEAR Protocol). On-chain data confirms that the entire $3.8 million siphoned has returned to the project's recovery wallet, and the investigation is officially closed.
• Effective Ultimatum: Under intense tracking pressure and a 48-hour deadline from the development team, the exploiter proactively returned all the taken funds.
• Hacker Apology: In an on-chain message, the attacker admitted their mistake and advised other developers to pursue the bug bounty route instead of disrupting systems.
• Absolute Safety: The technical vulnerability has been completely patched, the system has returned to normal operations, and zero users suffered any asset loss.
Perspective:
• The Power of On-chain Data: The successful asset recovery proves that monitoring pressure from global blockchain analytics units is intensifying, making it extremely difficult to launder large-scale hacked funds.
• A New Crisis Management Standard: The process of issuing short-term ultimatums combined with liability waivers (white-hat conversion) is becoming the "backbone framework" that helps Web3 projects protect liquidity fastest without prolonged litigation.
• Sustaining Confidence: NEAR’s swift response successfully defused potential panic, keeping international capital within the ecosystem and preserving the price structure against sell-off pressures from negative news.