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Crypto DeFi

NEAR Intents Says It Identified Hacker, Issues 48-Hour Ultimatum After $3.8M Exploit

NEAR Intents general manager Alex Shevchenko said Friday that the protocol has identified the hacker behind a $3.8 million exploit. “We have identified you, sir,” Shevchenko wrote, as the team issued a 48-hour ultimatum to the attacker. The protocol has not disclosed further terms of the demand or how the funds were taken.

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AI take

Naming an attacker and setting a public deadline is a pressure tactic, not a recovery mechanism, and it shifts the burden onto the exploiter to negotiate before the window closes. For NEAR Intents specifically, the reputational test is whether a cross-chain intent system can credibly police its own settlement layer, since that is the trust proposition users are implicitly buying. The open question is what happens when the 48 hours lapse: disclosure of the attack vector, a law-enforcement referral, or silence would each read very differently to the market.

Generated by AI for reference only.

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