Near Intents Recovers $3.8 Million in Stolen Funds, Halts Investigation

iconKuCoinFlash
Share
This is the logo of the coin.
NEAR
$4.997.07%
AI summary iconSummary
On-chain reports indicate that Near Intents has recovered $3.8 million in funds stolen during a DeFi exploit. The team has concluded its investigation after the attacker returned all funds via a chain message. The breach stemmed from a vulnerability in the Omni deposit and withdrawal layer. Services were temporarily paused, and full compensation was promised to users. The attacker acknowledged responsibility and encouraged others to utilize the bug bounty program for future issues.

Odaily Planet Daily reports that the cross-chain exchange service Near Intents has confirmed that the $3.8 million stolen in the earlier vulnerability exploit has been fully returned, and the team has ceased its investigation. Near Intents CEO Alex Shevchenko previously gave the attacker a 48-hour deadline to return the funds, providing Bitcoin, BNB, Ethereum, and Solana addresses.

The attacker acknowledged wrongdoing in an on-chain message, stating that all funds had been returned and urging others to report issues through the bug bounty program. The incident stemmed from a vulnerability in the interaction between the Omni deposit and withdrawal layer and the main smart contract; Near Intents suspended services and pledged full compensation to users. (Decrypt)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.