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Bitwise’s NEAR ETF draws over $50M before NEAR falls 10% after exploit

  • Bitwise’s NEAR ETF attracted more than $50 million over two days.
  • NEAR fell about 10% after an exploit affected the Intents app.
  • The blockchain continued operating while initial exploit losses were put at $3.8 million.

Bitwise’s NEAR ETF attracted more than $50 million in two days before NEAR fell about 10% following an exploit affecting the Intents app. The blockchain continued operating, but the incident left ETF holders exposed to declines in NEAR’s market price. Initial losses from the breach were put at $3.8 million.

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