Near Protocol Alerts Users Of A Recent Bug In Its Network

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August 7, 2022 by CoinSurges
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Layer 1 blockchain platform Near Protocol has provided new security directives after discovering a vulnerability that allows a third party to gain sensitive information The


Layer 1 blockchain platform Near Protocol has provided new security directives after discovering a vulnerability that allows a third party to gain sensitive information. The protocol informed users via a blog post on August 4. It also stated that the vulnerability has been fixed.

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Near Protocol Says, No Data Was Compromised

According to the platform, the code change led to the gathering of sensitive data from some users who had applied SMS or email recovered on their wallets. The vulnerability was discovered on time by blockchain security firm Hacxyl, who quickly reported to the company. Hacxyl has also rewarded a bounty for its efforts, although the amount was not disclosed.

Near Protocol stated that its wallet team, after receiving information about the bug, went into action immediately. The team scrubbed “all sensitive data” and identified those who might have had access to it.

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The quick action taken by the team ensured that users’ data are safe and secured. The team stated that there have been no indications that there has been an attack or compromise related to data theft. It also does not have any reason to believe that the data is available elsewhere.

Cyber Attacks Now Common In The Crypto Industry

The growing popularity and adoption of crypto assets have made them targets of scammers and hackers. The crypto industry has suffered several attacks this year. This August, Nomad Bridge was the victim of a $190 million crypto heist.

Also, an attack that lasted for four hours saw thousands of Solana wallets wiped clean, causing the wallet owners more than $4 million in crypto funds. And not long ago, Celsius announced that users’ data was breached by threat actors. The attack occurred after an employee of its messaging partner, Customer.io, was exposed.

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Following these series of attacks, Near Protocol says it wants to share its experience to inform users and other platforms to be more careful to prevent exploits.

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