Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

Kwon Crash

Published Oct 2, 2026, 12:45 AM UTC

Source: CryptoSource
- Wall Street’s Bitwise ETF just got its first stress test, and NEAR failed the vibe check. While NRR ticker chugs in with $50M inflows, NEAR Intents—handling $4B monthly—got pickpocketed for $3.8M. "Aggressive passive income" doesn’t cover smart contract bugs, folks. The price dipped 10% to $4.86 because traditional investors hate surprises more than they love yield. NEAR Protocol stayed online, but that’s cold comfort when your liquidity layer is on fire. Leverage was already thinning per Santiment, so this isn’t a margin call; it’s a reality check. Don’t be a meat wallet trusting unverified Omni infrastructure. Fix the code, or go back to the drawing board.