
Morning Minute: NEAR Intents Hacked for $3.8M - Was It A Bullish Hack?
Hacks are never good, but a rapid response, user compensation and 1-hour bug fixing seems to top the spectrum of team reactions.
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Hacks are never good, but a rapid response, user compensation and 1-hour bug fixing seems to top the spectrum of team reactions.

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The general manager of NEAR Intents said the attacker who drained a preliminary $3.8 million has been identified, and posted three addresses for the m...

“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million.

“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million.
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The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals.

Near Intents froze its cross-chain swaps after a bug let an attacker drain about $3.8 million. The company promised to repay every user.
NEAR Intents halted services after a bug involving its Omni deposit and withdrawal infrastructure led to an estimated $3.8 million loss. The team says...

The protocol pledged full compensation and said deposits and withdrawals on 11 networks would face a longer suspension while infrastructure repairs co...
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