NEAR Intents fully recovers the stolen $3,800,000 after issuing an ultimatum to the exploiter
NEAR Intents Recovers $3.8 Million After Thursday Security Breach
Description: NEAR Intents recovered about $3.8 million stolen in a Thursday breach after a 48-hour responsible-disclosure request.
Tags: NEAR Intents, Security Breach, Alex Shevchenko, KuCoin, Bitcoin
Core Fact: Stolen Funds Returned
NEAR Intents said it recovered about $3.8 million stolen during a Thursday security breach. General manager Alex Shevchenko announced on Friday that the complete return of funds had occurred, confirming that the money involved in the incident had been sent back in full.
How the Breach Began
Cointelegraph reported that NEAR Intents paused services after detecting a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract. NEAR’s preliminary investigation found that $3.8 million in user funds was stolen. The company pledged to compensate affected users in full.
48-Hour Ultimatum and Responsible Disclosure
Cointelegraph reported on Friday that NEAR Intents had identified the individual behind the security breach and given them 48 hours to return the funds under responsible disclosure. The related report framed the situation as an identified hacker and a 48-hour ultimatum.
Shevchenko later wrote on X: “The funds from the $3.8M NEAR Intents hack were sent back in full. We are stopping the investigation. Please use bug bounties instead of disrupting the services.”
Where the Money Went
Blockchain investigator ZachXBT said the funds from the incident were transferred to the KuCoin exchange and bridged to Bitcoin. The movement through an exchange and into Bitcoin highlights how quickly digital assets can change location and form after a breach.
The incident also appeared alongside broader public discussion involving THORChain and NEAR, but the immediate facts were narrower: a bug in cross-system interaction, a service pause, a recovery demand, and a full return of about $3.8 million.
Risk Disclosure
This article is for information and news summary only and does not constitute investment advice. Crypto assets are highly volatile, and prices can move rapidly due to security incidents, exchange movements, and market sentiment. Readers should independently verify information, assess risks carefully, and avoid making decisions based solely on this report. Investment involves risk, and responsible judgment is essential before engaging with digital assets.
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