NEAR co-founder warns of ‘Security Armageddon’ across the internet

NEAR Protocol co-founder Illia Polosukhin has warned that widespread software vulnerabilities are creating a severe cybersecurity environment, calling for stronger AI-based defenses as NEAR trades near $5 following a daily decline. NEAR co-founder Illia Polosukhin warned that software vulnerabilities are exposing internet services to growing security risks. Polosukhin identified PHP, TLS certificates, Node.js and LiteLLM while calling for improved AI-assisted defenses. Recent security advisories document vulnerabilities involving certificate handling, network requests and access to credentials. NEAR previously disclosed a $3.8 million Intents exploit in October, followed by service restoration and a compensation pledge. NEAR traded near $5.02 on October 22, while futures open interest declined 7.45% to $1.50 billion.

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