NEAR falls 10% after $3.8 million exploit tests new US ETF

  • NEAR Intents disclosed a security incident involving Omni deposit-and-withdrawal infrastructure.
  • $3.8 million exploit coincided with NEAR falling about 10% to $4.86.
  • Bitwise’s NRR ETF launched on NYSE Arca on Sept. 29.

NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure, with an ecosystem exploit valued at $3.8 million. The selloff came less than two days after Bitwise launched the NRR ETF, giving US exchange-traded fund investors exposure to the token. The fund started trading on NYSE Arca on Sept. 29, attracting $35.5 million in net inflows on its first day. Cumulative inflows exceeded $50 million by Sept. 30, while total net assets reached $52.8 million, or about 0.76% of NEAR’s market capitalization, according to SoSoValue data.

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