NEAR Intents says its identified the hacker, gives 48-hour ultimatum
“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million.
On Friday, NEAR Intents general manager Alex Shevchenko announced that the company has identified the hacker responsible for a security breach that resulted in the loss of $3.8 million in user funds. Shevchenko provided three different wallet addresses for the hacker to return the stolen funds under a "responsible disclosure" policy.
The company had previously paused services on Thursday after detecting a "bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract," which led to the identification of the funds stolen. Following a preliminary investigation, NEAR Intents confirmed the total loss of $3.8 million in user funds and pledged to compensate affected users in full.
Blockchain investigator ZachXBT stated that the stolen funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. NEAR Intents has given the hacker 48 hours to return the funds or face the consequences.
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