NEAR The foundation appoints Helius CEO Mert Mumtaz to join the board
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AT A GLANCE
NEAR The foundation appoints Helius CEO Mert Mumtaz to join the board and discloses NEAR Intents scale and details of the previous attack.
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NEAR The foundation appoints Helius CEO Mert Mumtaz to join the board
PANews October 15 reported, citing The Block, that the NEAR foundation has appointed the CEO of Solana infrastructure company Helius Mert Mumtaz to join the board, where he will participate in product strategy, ecosystem growth, and governance. Mert Mumtaz was previously an early user of NEAR Intents.NEAR The foundation stated that NEAR Intents has surpassed 33000000000 USD in cumulative trading volume, while the total value locked (TVL) related to privacy transactions exceeds 160000000 USD. Previously,NEAR Intents experienced an attack of approximately October in early 3800000 USD due to vulnerabilities in its deposit and withdrawal infrastructure. The team said the vulnerabilities had been fixed and promised full compensation.
PANews reported, citing The Block, that the NEAR foundation has appointed Helius CEO Mert Mumtaz to join the board.
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The report stated that Mert Mumtaz will participate in product strategy, ecosystem growth, and governance.
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Mert Mumtaz was previously an early user of NEAR Intents.
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NEAR The foundation stated that NEAR Intents has surpassed 33000000000 USD in cumulative trading volume, while the total value locked related to privacy transactions exceeds 160000000 USD。
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The report mentioned that NEAR Intents experienced October an attack of approximately 3800000 USD in early
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The team said the vulnerabilities had been fixed and promised full compensation.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core of this news is a board appointment: Helius CEO Mert Mumtaz joins the NEAR foundation board, with responsibilities covering product strategy, ecosystem growth, and governance. The report also lists NEAR Intents cumulative trading volume, total value locked related to privacy transactions, a previous vulnerability attack, and the measures claimed by the team.
Why it matters to readers
Because board members participate in product strategy, ecosystem growth, and governance, this appointment is noteworthy. Meanwhile, the business scale disclosed by NEAR Intents and the previous attack of approximately 3800000 USD reflect its usage and security risks, respectively.
Beginners can understand it as follows:NEAR the foundation has added a board member involved in important decisions; however, the trading scale, security remediation, and compensation progress mentioned in the report still require further verification.
Risks and unknowns
The available material is a PANews report citing The Block and does not provide direct announcements from NEAR foundation or The Block.
It does not specify the exact date on which Mert Mumtaz joined the board, the term of office, or the scope of authority.
The cumulative trading volume and total value locked come from statements by the NEAR foundation; the material provides no independent verification.
The claims that the vulnerabilities had been fixed and that full compensation would be provided are team statements. The material does not state whether compensation has been completed or provide the results of a security review.
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