NEAR Intents ends probe after exploiter returns stolen $3.8M

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The hacker behind the $3.8 million theft from NEAR Intents returned all stolen funds on October 1st, with the exploit targeting an integration bug on the Omni system via BNB Chain. The team detected the breach using their AI security layer (SHIELD) and identified the perpetrator within 24 hours, giving them 48 hours to return the funds. General Manager Alex Shevchenko confirmed full recovery and closed the investigation, urging security researchers to utilize bug bounty programs. Despite this resolution, NEAR extended its decline to 16% and broke below key trendline support, with potential next supports at $4 or $3.5. Notably, Q3 2024 saw crypto hack losses surge from $86 million to $742 million, a nearly 10x increase.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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