NEAR Intents Recovers $3.8 Million Stolen in Hack After Demanding Return of Funds
NEAR Intents, a cross-chain trading protocol, has made a significant recovery after suffering a hack. The protocol, built on NEAR Protocol, had temporarily suspended its service due to a vulnerability in the interaction between Omni's deposit and withdrawal infrastructure and its smart contracts.
The vulnerability was discovered on an unspecified date, and an internal investigation revealed that approximately $3.8 million in user funds had been stolen.
After identifying the attacker, NEAR Intents demanded the return of the funds within 48 hours, as per its procedures. The protocol later decided to stop further investigation after the attacker returned all of the stolen funds.
This recovery is a significant development for NEAR Intents, which has already suffered a substantial loss.
The protocol's decision to stop further investigation after the funds were returned raises questions about the protocol's approach to security and its willingness to engage with attackers.