March 22, 2023
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Two months ago, the Near protocol, a layer one solution platform, detected and fixed a bug in its system. Following that occurrence, the protocol issued a series of precautions to keep its users safe from the prevalent hackers’ rampage.

Near Protocol Narrowly Escaped An Attack In June

Earlier today, Near protocol, tweeted a post concerning the recent hacks and attacks in the crypto industry. The post revealed that the protocol would have suffered an invasion in June, thanks to the timely intervention of its developers.

It explained further that a potential attacker had planted malware into their system secretly. The malware was capable of divulging sensitive details of a wallet, like login details, seed phrases, etc., to a third party.

However, the attack was stopped prematurely due to a crypto security firm’s timely intervention. Near protocol said that Hacxyk detected the malicious bug and informed them about it. 

Swiftly, the technical department fixed the potential threat before it could harm any customer. The post added that Near protocol appreciated Hacxyk with a bounty reward for its hint.

The layer one protocol claimed that since they whipped off all sensitive details from their system, there has been no issue. The malware did not persist, and no wallet was compromised since June.

Near Urges It Users To Play Safe With Their Wallet Details

The post surfaced at a time when exploiters are on the rampage, hacking into wallets and networks across the crypto industry. For instance, a decentralized theft operation cost Nomad Bridge to lose more than $190M recently. 

Also, Solana lost more than $8 million in cryptos at the beginning of this week. In addition, Celsius reported that a vicious person had collected its users’ details by hacking an associate firm’s database.

The theft and exploitation rate is becoming more unbearable as many networks are already fortifying their security system. The Near protocol is one of those networks as it dishes out safety measures to users.

The firm’s post urges users to be extra cautious and do everything possible to avoid falling victim to any criminal scheme. To that effect, it advised its users who had recovered their account via SMS or email to reshuffle their keys. 

It hinted that they could rotate their keys safely on the website. Furthermore, the protocol announced that it would soon stop allowing account recovery via email or SMS. 

In addition, it encouraged users to switch to hardware or cold wallets such as Ledger as it is more secure. Finally, it warned users against letting anyone have their recovery or private keys.

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