NEAR Intents has identified the individual responsible for a security breach that occurred on Thursday. The protocol suffered a loss of $3.8 million in user funds due to a vulnerability in its Omni deposit and withdrawal infrastructure.
General manager Alex Shevchenko issued a 48-hour ultimatum to the hacker, offering a path for responsible disclosure. The team provided specific wallet addresses for the return of funds in Bitcoin, BNB, and Solana.
Following the incident, the protocol paused its services to investigate the bug within its smart contract interaction. The company has committed to fully compensating all affected users for their losses.
Blockchain investigator ZachXBT reported that the stolen assets were moved to the KuCoin exchange and subsequently bridged into Bitcoin.
