hack or exploit

NEAR Intents’ General Manager Says Part of the $3.8 Million Exploit Came Back in Monero

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NEAR Intents’ general manager said part of the funds returned after the $3.8 million exploit came back in Bitcoin, while the remainder came back in Monero. He also said 34.59 BTC made up about 78% of the total returned funds, and the team is still working to convert the Monero into Tether.

Key claims & sources

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The attacker who drained about $3.8 million from NEAR Intents returned only part of the funds in Bitcoin, and the rest came back in Monero.
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Alex Shevchenko said the return was discussed in an episode recorded on Oct. 8.
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Shevchenko said 34.59 BTC accounted for about 78% of the total returned funds.
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The team is still working to convert the remaining Monero into Tether.

What it means

Users and NEAR Intents’ customers see that some of the stolen funds have been returned, but not in a final form that is already settled into the token the team wants to hold. The unresolved Monero portion still needs conversion work, so the situation remains active rather than fully closed.

Before this return, the stolen amount was out of reach; now part of it is back, split between Bitcoin and Monero. What remains the same is that the returned Monero is still not in Tether, so the practical end state for those funds has not yet changed.

Market reaction i

NEAR ProtocolNEAR it is the asset of the company or protocol in the event
first headline
+3.6% 2 h before
+1.7% 4 h after
$5.20price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 13 02:24

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