Show notes
A bridging bug cost NEAR Intents $3.8 million. Alex Shevchenko reveals how a coded tweet and a Signal invite encrypted with the attacker's key got the funds back.========================================================Thank you to our sponsor! Visit 1inch.com to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 1inch.com ========================================================Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for. Our listener survey takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18.— Laura ========================================================NEAR Intents halted services after an attacker exploited a bug in its Omni bridging infrastructure and walked off with $3.8 million. Twelve hours after announcing the hack, the team tweeted at the suspect: "We have identified you, sir."Alex Shevchenko, GM of NEAR Intents, joins Laura Shin to walk through how the attacker got the protocol to credit USDT deposits on BNB Chain that never happened, why NEAR Intents covered the loss from its own pockets, and how a Signal invite encrypted with the attacker's public key opened a private channel that ended with the funds coming back, partly in XMR.He also lays out how Shield, NEAR Intents' detection system, kept 99% of the more than $50 million tied to the Bitget hack from passing through, and why he thinks shielded Zcash could face Monero's fate.His argument: crypto that protects thieves can never become the economic backbone its builders want.Host: Laura Shin, Host / UnchainedGuest: Alex Shevchenko - GM of NEAR IntentsTimestamps🚨 🌐 ⚙️ 💧 🚔 🔐 🏎️ 🛡️ ⚖️ 🕶️ Learn more about your ad choices. Visit megaphone.fm/adchoices
