NEAR Smart Contract Breach Exposes Decentralized Security Vulnerabilities
A recent security breach in the NEAR smart contract has raised concerns about decentralized platform security.
The incident led to the loss of approximately 24.7 ETH, which was confirmed through on-chain observation by @SlowMist_Team.
The root cause of the breach was a missing access control check within the affected smart contract, allowing unauthorized activity to occur undetected until the funds were gone.
The compromised components include an order factory and a victim account system inside the NEAR ecosystem.