NEAR Intents said it had identified the exploiter of approximately 3800000 USD exploit and demanded that 48 hours to return the funds
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AT A GLANCE
NEAR Intents said it had identified approximately 3800000 USD the entity behind the exploit and given it 48 hours to return the funds.
Article
NEAR Intents Entity behind the exploit identified; only 48 hours to return the funds
PANews October 2 reported, citing The Block, that NEAR Intents General Manager Alex Shevchenko said they had identified approximately 3800000 USD the entity behind the exploit and given it 48 hours to return the funds. Shevchenko said: “You should understand the rules of responsible disclosure better than most people; this is your last opportunity to use this mechanism.”
NEAR Intents General Manager Alex Shevchenko said the team had identified approximately 3800000 USD the entity behind the exploit.
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The party was asked to return the funds within 48 hours.
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Alex Shevchenko said the party should understand the rules of responsible disclosure; this is its last opportunity to use this mechanism.
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The report was published by PANews, which attributed it to The Block.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The project team said it had located the entity associated with the approximately 3800000 USD exploit and given it 48 hours to return the funds. The report did not disclose the entity’s name and did not confirm that the funds had been returned.
Why it matters to readers
This indicates that the project team is pursuing fund recovery, but at present only the project team’s statement can be confirmed; it cannot be confirmed whether the funds will ultimately be recovered.
“Exploit” refers to someone taking advantage of a system vulnerability to obtain improper benefits; “responsible disclosure” generally refers to reporting a vulnerability to the project team and giving it an opportunity to fix it.
Risks and unknowns
It has not been confirmed whether the funds have been returned.
The report did not disclose the name of the identified entity.
There is currently no evidence of law-enforcement action, on-chain verification, or independent third-party confirmation.
48 The fund-recovery result after the deadline expires is unknown.
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Exploit
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