NEAR INTENTS RECOVERS $3.8 MILLION AFTER 48-HOUR ULTIMATUM

Summary from the TLDR Crypto newsletter

Near Intents recovered its full $3.8 million in stolen funds within 48 hours after General Manager Alex Shevchenko identified the attacker on-chain and issued a return deadline with an implicit deanonymization threat. The exploit targeted a flaw in how the platform's Omni deposit/withdrawal layer interacted with its main smart contract, forcing Near Intents to halt operations across its 35-blockchain cross-chain swap service. The attacker returned all funds and posted an on-chain message acknowledging fault and urging others to use bug bounties rather than exploits. The incident came days after Near Intents blocked a $50 million swap attempt linked to the $387.5 million Bitget breach, marking the platform's second high-profile security event within a week.