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NEAR Intents Identifies $3.8M Hacker, Gives Them 48 Hours to Return Funds

The exploit was isolated to USDT on BSC, and the core NEAR blockchain and its NEAR token were not affected at all.

Key points

  • NEAR Intents GM Alex Shevchenko said the attacker behind a roughly $3.8 million exploit was identified and gave 48 hours to return funds to listed addresses.
  • The platform said a bug between its Omni deposit/withdrawal infrastructure and the Intents smart contract caused the loss, patched within an hour, with users to be compensated fully.
  • Co-founder Illia Polosukhin said the exploit was isolated to USDT on BSC and that SHIELD flagged outlier behavior; NEAR Protocol said it was unaffected.

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