NEAR Intents says its identified the hacker, gives 48-hour ultimatum

NEAR Intents said it has identified the individual behind a security breach that resulted in the loss of $3.8 million in user funds on Thursday, giving them 48 hours to return the funds under “responsible disclosure.”

“You know better than most how responsible disclosure works — this is the last window to use it. After 48 hours, that window closes.”

On Thursday, NEAR Intent paused services after detecting a “bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.” 

Its preliminary investigation found that $3.8 million in user funds was stolen, and it pledged to compensate affected users in full.