NEAR Protocol Hit by $3.8M Hack After Wallet Compromise

Near protocol has suffered a hacking incident that resulted in losses of approximately $3.8 million. The attack was discovered on an NEAR wallet, allowing hackers to drain funds from it.

The exact timing and details of the hack are not specified, but it is clear that the attackers managed to bypass security measures and gain unauthorized access to the wallet.

An investigation into the incident is ongoing, with Near protocol working closely with law enforcement agencies to track down the perpetrators and recover the stolen funds.