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Crypto DeFi

NEAR Intents GM: Part of $3.8M Exploit Returned in Monero

NEAR Intents general manager Alex Shevchenko said part of the $3.8 million stolen in an exploit on the protocol has been returned in Monero. The remaining stolen funds had been traded into XMR, which NEAR Intents is now working to convert after refilling its contracts from its own funds, Shevchenko said.

Original source

AI take

The return of funds in Monero rather than the original assets is the detail worth noting: the attacker's conversion forced the protocol to refill contracts from its own balance, meaning the loss was absorbed internally rather than simply reversed. That NEAR Intents is now working to convert the XMR back also signals how privacy-coin routing complicates recovery, even when a portion of stolen funds comes back. Whether the remainder is recovered, and how much of the refill is ultimately offset, is the open question.

Generated by AI for reference only.

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