NEAR co-founder warns of ‘Security Armageddon’ across the internet

NEAR Protocol co-founder Illia Polosukhin has warned that widespread software vulnerabilities are creating a severe cybersecurity environment, calling for stronger AI-based defenses as NEAR trades near $5 following a daily decline. Summary NEAR co-founder Illia Polosukhin warned that software vulnerabilities are exposing internet services to growing security risks. Polosukhin identified PHP, TLS certificates, Node.js and LiteLLM while calling for improved AI-assisted defenses. Recent security advisories document vulnerabilities involving certificate handling, network requests and access to credentials. NEAR previously disclosed a $3.8 million Intents exploit in October, followed by service restoration and a compensation pledge. NEAR traded near $5.02 on October 22, while futures open interest declined 7.45% to $1.50 billion. In an October 22 statement on X, Polosukhin described the situation as “Security Armageddon,” arguing that weaknesses in older software, authentication systems and widely used internet infrastructure are exposing applications to attacks. NEAR Co-Founder Warns of Growing Software Security Risks Polosukhin identified PHP-based systems, including WordPress website...