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. NEAR Intents GM Alex Shevchenko has identified the attacker behind a $3.8 million exploit and given the hacker 48 hours to return the stolen funds, after a bug in its Omni deposit and withdrawal infrastructure was exploited. The platform has restored most services and plans to compensate affected users in full while investigators trace the assets. NEAR Intents Identifies Bug Behind $3.8M Exploit Shevchenko’s post on X directly addressed the attacker: “We have identified you, sir.” He then asked the person responsible to return the funds to Bitcoin, BNB/Ethereum, and Solana addresses. “You know better than most how responsible disclosure works — this is the last window to use it,” he told the hacker. “After 48 hours, that window closes.” According to NEAR Intents’ own account, services were halted after a security incident was detected. A bug in how the Omni deposit and withdrawal infrastructure interacts with the NEAR Intents smart contract caused the loss, which a preliminary assessment put at approximately $3.8 million. Illia Polosukhin, a NEAR co-founder, added that...