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The full $3.8 million stolen has been returned

NEAR Intents said it has fully recovered the roughly $3.8 million stolen in Thursday’s security breach. The announcement came after the platform said it had identified the person behind the attack and gave them 48 hours to return the funds.

Alex Shevchenko said in a post on Friday that the funds had been returned in full. Shevchenko also wrote, “

The funds have been fully returned
” and said the investigation had been stopped, while calling for bug bounty programs to be used in similar cases rather than disrupting services.

The incident became one of the closely watched issues in the crypto market, both for user asset protection and platform security. Returning the funds reduced the risk of direct financial loss, while putting infrastructure security and operational continuity back in focus.

Where did the security flaw appear?

NEAR Intents temporarily suspended its services after the breach was detected. In the company’s initial review, the issue was traced to a bug in the interaction between the Omni deposit and withdrawal infrastructure and the NEAR Intents smart contract.

In the preliminary assessment, the stolen funds were said to have come from user assets. The company had previously announced publicly that affected users would be fully compensated.

Key points on fund movements and user impact

  • The security breach was detected on Thursday, and services were suspended.
  • The company said it had identified the attacker and gave them 48 hours to return the funds.
  • A later statement said the full amount of roughly $3.8 million had been returned.
  • Blockchain investigator ZachXBT said funds linked to the incident were moved to the KuCoin exchange and then bridged to the Bitcoin network.

What are the main issues being watched in the crypto market?

Although the full return of the funds removed the biggest uncertainty around user assets, the episode once again highlighted the operational risks that security vulnerabilities can create in decentralized finance infrastructure. Going forward, the market will be watching closely to see how the platform strengthens its security measures and how the suspended services are restored.

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