NEAR Intents suffers $3.8M exploit as team promises full reimbursement
NEAR Intents suffers a $3.8M exploit as Bitcoin holds above $84K, Ripple backed Evernorth nears Nasdaq, and Drift launches DFX.
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Crypto's security tab keeps growing, and so do the cleanup bills.
Three separate incidents this week tested how protocols handle the aftermath.
Meanwhile, XRP is getting its first pure-play treasury company on Nasdaq.
The throughline: an industry racing to look institutional while patching holes in real time.
NEAR Intents loses $4M after cross-chain smart contract bug
A bug in the Omni deposit system drained $3.8M from NEAR Intents' settlement layer.
The flaw hit the protocol's cross-chain infrastructure, the plumbing that moves assets between blockchains.
The team has pledged full reimbursement, but the exploit adds to a growing list of cross-chain weak points.

Cooler inflation meets stubborn yields in a tug-of-war quarter
A softer inflation print briefly lifted spirits, but Treasury yields near multidecade highs kept the rally on a leash.
Spot Bitcoin ETFs snapped a nine-day inflow streak with $149M in net outflows, suggesting institutions are taking a breath.
BTC held near $84K, ETH hovered around $2,700, SOL slipped below $118, and XRP eased to $1.48.
MetaMask confirms no user funds lost in validator security breach
MetaMask disclosed a security incident that hit its Ethereum validator infrastructure this week.
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The breach targeted the backend of its staking product, not user wallets.
Staking rewards were briefly at risk, a reminder that passive yield in crypto still carries active threats.
Ripple-backed Evernorth heads to Nasdaq as largest public XRP treasury company
Evernorth Holdings is set to list on Nasdaq after shareholders approved its merger with a SPAC.
The deal, expected to close Oct. 7, makes it the first pure-play XRP treasury firm on a major exchange.
A public XRP vehicle on Nasdaq could open the door for institutional capital that avoids buying tokens directly.
Drift launches $300M recovery token for April exploit victims
Drift is distributing DFX, a Solana-based token pegged one-to-one against verified losses from its April incident.
The fixed supply of 300M tokens cannot be expanded, giving holders a capped claim on future compensation.
It is one of the more structured attempts at making DeFi exploit victims whole, and the industry is watching.
On Our Radar
Much coin, such utility: Dogecoin is shedding its meme coin reputation for actual payment purposes.*
Regulatory squeeze: EU officials are questioning how Binance leveraged its MiCA loophole.
Crypto September surprise: Bitcoin might actually close the month in the black.
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