The NEAR protocol experienced a significant security breach resulting in a loss of $3.8 million. This incident highlights ongoing risks within the crypto sector as decentralized platforms continue to attract malicious actors.
According to CoinTelegraph, NEAR Intents’ general manager Alex Shevchenko confirmed on Friday that the team has identified the hacker responsible for the attack. Following this, a 48-hour ultimatum was issued, signaling a proactive approach to recovering the stolen funds or mitigating further damage.
For Japanese investors, this event underscores the importance of robust security measures and vigilance in crypto trading, especially as the local market increasingly integrates with global decentralized finance platforms.