- Country: Malta
NEAR Intents recovers entire stolen $3.8M after ultimatum to exploiter
The exploiter returned the entire sum to NEAR Intents after being identified and given 48 hours to respond.
The exploiter returned the entire sum to NEAR Intents after being identified and given 48 hours to respond.
The furious debate over Bitget’s $387.7M of hacked funds comes down to whether ideals around “permissionless and decentralized” tech means never intervening — even if you could.
Hacks are never good, but a rapid response, user compensation and 1-hour bug fixing seems to top the spectrum of team reactions.
“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million.
NEAR Intents patched the contract flaw, but deposits and withdrawals on 11 networks remain disrupted.