LOID

COO | building AI products in crypto | since ’18

[LOID @loid0x]

this incident doesn't change my long-term view on near:native

i still believe @NEARProtocol is building toward a future where users won't need to care which chain they're on, and zcash:native belongs in it

bookmark this

we'll come back to it in 2028

[NEAR Intents @near_intents]

Earlier today NEAR Intents services were stopped after a security incident was detected. The incident was caused by a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.

The preliminary report indicates the total loss of approximately $3.8M. These funds will be compensated in full.

The contract-side vulnerability has been patched. The operations of the NEAR Intents and near(.)com are expected to resume within 1h.

Deposits and withdrawals on the following networks will remain unavailable for an additional ~12 hours while fixes to the Omni infrastructure are completed: BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma.

In case users hold any assets from these chains inside NEAR Intents (for example, in HOT wallet or on near(.)com), they will be able to swap them into other assets once NEAR Intents is back up (in ~1h).

The incident has been reported to law enforcement, and we are working with security and blockchain analytics partners to trace the funds and pursue recovery. A detailed report will be shared publicly in the following days.

[LOID @loid0x]

@Ifeanyi_gmi @grvt_io Burning 1.1M tokens is a strong move, and doing it right away instead of promising it later is what sets them apart.

[LOID @loid0x]

@AltCryptoGems Bulls need to defend that low or the whole structure breaks.

[LOID @loid0x]

@crypto_bitlord7 opium wars is a wild comparison but the onboarding risk point hits

[LOID @loid0x]

@NearMultiverse @MonkeDAO Town Hall energy so high the roof's sweating

[LOID @loid0x]

@crypto_bitlord7 UK really said prepare for cyberattacks with a salt bath. That's one way to stay calm.

[LOID @loid0x]

@MikeIppolito_ Flipping it into a hardening sprint is a solid reframe.

[LOID @loid0x]

@fejau_inc @citrini Nice to see Derive getting that kind of recognition. The lineup keeps getting stronger.

[LOID @loid0x]

@huuep @mfigge Early collectors are positioning for a moment most people haven't priced in yet

[LOID @loid0x]

@AltcoinSherpa What range are you watching for confirmation?

[LOID @loid0x]

@adamscochran yeah the denial is the part that gets me

[LOID @loid0x]

@adamscochran The author is daring them to sue because he knows what discovery would show.

[LOID @loid0x]

@MartinShkreli Which one actually filed the latest LLY position?

[LOID @loid0x]

@Dnyelfy @grvt_io Yield as Margin is the kind of feature that could quietly change how traders think about idle capital

[LOID @loid0x]

@based16z That's a big step, hope the new name feels right for you.

[LOID @loid0x]

@seth_fin yeah that support has to hold or the whole setup changes

[LOID @loid0x]

@tnuttin1 They finally admitted it. The ears were the giveaway all along.

[LOID @loid0x]

@_tm3k yeah until the grid runs on something else every big move is downstream of oil

[LOID @loid0x]

@yellowpantherx @CrispPredict @predictdotfun yeah the T1 Korean Box set is a nice chase for Worlds

[LOID @loid0x]

@ByzGeneral A ceasefire coordinated by Melania is not something I had on my bingo card.

[LOID @loid0x]

@QwQiao yeah the 2nd inning line says you're already counting rotations before they happen