NEAR Protocol's Rainbow Bridge Escapes Potential Heist, Hacker Loses 2.5 ETH

The NEAR Protocol Rainbow Bridge has survived a potential heist, as an attacker's attempt to steal funds on the network was promptly uncovered and foiled by security bots on the platform, resulting in a loss of 2.5 ETH for the…

Timeline of Near-protocol

Near protocol escaped what would have been a massive hack after an hacker tried to breach the platform. The rampant nature of crypto hacks and scams has made life unbearable for most people as they are always on their edge when dealing in the market.

NEAR, the native token on the namesake protocol, surged on Tuesday as the blockchain's widely anticipated stablecoin, USN, began trading. NEAR jumped nearly 10% from a three-week low, and is currently trading around $14.8.