NEAR officially tweeted that in order to ensure the highest level of security, the NEAR wallet no longer allows users to create accounts using email or text messages to restore accounts.
Previously, to improve the usability of the NEAR wallet, NEAR sent user telemetry data to a third-party service that users could use with SMS recovery or email recovery accounts. And in June, a bug was reported in the NEAR wallet that exposed a potential breach in the security of wallets recovered using email or text messages when data was transferred to a third-party service.