Dominic Williams, founder of DFINITY, accused NEAR Intents of using proprietary Internet Computer technology to develop its cross-chain system, including a component based on chain abstraction. DFINITY claims that a former employee, fired in 2021, helped develop the technology and that ICP holders suffered financial harm. NEAR Intents recorded a record cross-chain volume of $5 billion in September and generated more than $8 million in cumulative revenue, while the Internet Computer’s total value locked fell from $200 million to about $4 million. ICP declined 6% amid a broader market downturn, while user sentiment turned neutral and some community members dismissed the allegations as fear, uncertainty and disinformation.
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