NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure, less than two days after Bitwise launched the NRR ETF on NYSE Arca. The fund began trading on Sept. 29 and attracted $35.5 million in first-day net inflows, which rose above $50 million by Sept. 30 as total net assets reached $52.8 million, about 0.76% of NEAR’s market capitalization, according to SoSoValue. The incident involved a bug in the interaction between Omni and an Intents smart contract (self-executing blockchain code), causing a preliminary loss of about $3.8 million. NEAR Intents said it would fully compensate affected users, patched the vulnerability and resumed operations after a temporary halt. NEAR co-founder Illia Polosukhin said the exploit was isolated to USDT on BSC, while NEAR Protocol said the base network and native token were not affected and block production continued without interruption. The team is tracing the funds with law enforcement, blockchain analytics and security firms, with a fuller postmortem expected in the coming days. The breach came after NEAR futures open interest had already declined from 215 million NEAR on Sept. 21 to 169 million by Sept. 29, even as the token price rose about 86% from Sept. 16. Santiment said the decline in coin-denominated leverage, alongside stronger spot demand and ETF inflows, made the selloff different from a straightforward leveraged unwind. Continued ETF inflows would indicate investors are separating the application-specific exploit from the broader NEAR investment case; a reversal would show how quickly an ecosystem security event can disrupt demand for a recently launched product.