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

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

NEAR’s new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token. NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bitwise opened the token to US exchange-traded […] The post Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked appeared first on CryptoSlate.

Key Takeaways

  1. NEAR’s new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token.
  2. NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure.
  3. The selloff came less than two days after Bitwise opened the token to US exchange-traded […] The post Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked appeared first on CryptoSlate.
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Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.