Near Protocol (NEAR), one of the popular altcoin projects, is facing a data leak. Cryptocurrency shared that some user data was captured by ‘third-party’ people through their official accounts. The users whose data were leaked were the ones who activated the e-mail and SMS feature in their wallets as recovery options. However, despite the announcement of the security breach, NEAR price continued its bullish action, attracting attention.
Altcoin NEAR faces data leak
Near Protocol made a statement after announcing the event. Altcoin said in its statement that no user funds were harmed. He also shared that users’ confidential and private data was not leaked. Interestingly, NEAR did not notice the aforementioned data leak. A well-meaning hacker network shared the security breach with the project. In return, NEAR gave the hackers an undisclosed amount of rewards. Additionally, the project explained in its statement that the issue was resolved without any problems. With the bug that caused the data leak detected, the team rolled up their sleeves to fix the problem. Accordingly, NEAR personnel and third parties have frozen access to user data.
The breach was discovered by the bona fide hacker group Hackxyk
Near Protocol stated that the bug-related issues have been resolved. However, the altcoin project was not the original group that noticed the error and shared it. Hackxyk, a well-meaning hacker network, noticed the data breach. NEAR announced that it awarded Hackxyk for noticing the error and reporting it to the project. However, he did not share the size of the award. The Hackxyk network also shared which platform the data leaked. According to them, the ‘third party’ where user data was leaked was the company Mixpanel. Mixpanel is a company that works as an analytics service provider in the crypto space.
“May be like Solana”
Continuing to speak, the hacker group pointed out that the NEAR incident was similar to the Solana hack in the past days. Recently, hackers carried out an attack on Solana’s Slope wallet. In the attack, Slope wallet owners had their keywords in the hands of hackers. After the event, the SOL price dropped sharply. Hackxyk says in the leak, the keywords of users who chose email and SMS in their wallet recovery options were compromised. According to them, this sensitive data was unwittingly leaked to the Mixpanel company. That is, users’ keywords have been moved to Mixpanel’s servers. However, the altcoin project advised its users to change their keywords. He then said it would be beneficial to move assets to a Ledger-like cold wallet. The incident did not stifle the rise of altcoin NEAR. As we reported as Kriptokoin.com, the altcoin continued its upward movement for a week. Accordingly, NEAR is trading at $5.05, up 13.44% on the day.
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