Key facts
- NEAR Intents identified the hacker responsible for a $3.8 million exploit.
- The protocol has given the hacker 48 hours to return the stolen funds.
- User funds were stolen on Thursday due to a bug in the Omni deposit and withdrawal infrastructure.
- NEAR Intents pledged to compensate affected users in full.
- The stolen funds were transferred to the KuCoin exchange and bridged to Bitcoin, according to ZachXBT.
NEAR Intents has identified the individual responsible for a $3.8 million exploit and issued a 48-hour ultimatum for the return of stolen user funds. The protocol paused services on Thursday after detecting a bug in its Omni deposit and withdrawal infrastructure that interacted with its smart contract.