Near Protocol (NEAR)

NEAR Intents is now live on @Unigox_global. Enabling seamless USDT flows on @ton_blockchain. https://t.co/YzFeV6fSmd

Tried the ironclaw @near_ai and it had a weird error loop. Tool error: Tool memory_write execution failed: Invalid parameters: Either 'content' (for write/append) or 'old_string'+'new_string' (for patch) is required Input: { "append": false, "content": null, "force": false, "target": null Decided to stop for awhile and rebuild it again.

🚨 @rhea_finance on NEAR was exploited for ~$18.6M In what on-chain data shows was a fully rehearsed, professional operation. Root cause: Rhea priced collateral from Ref Finance liquidity pools. The attacker minted their own worthless tokens, seeded their own pools with them, and Rhea's oracle happily valued the fakes as real, then lent real USDC, USDt, ZEC, and NEAR against them. Oracle manipulation + no token allowlist.

NEAR BREAKING OUT FROM A FALLING WEDGE 📈 NEAR is attempting a breakout from its falling wedge 🟢 That shift puts the recent compression pattern in focus, with price now trying to build momentum away from the base ⚡ #NEAR #Crypto #Altcoins https://t.co/ErwuSxWApJ

Yesterday a protocol on Near was hacked, and Tether immediately froze the 3.29M stolen assets as soon as it learned of it. The CEO posted a very simple tweet: Tether cares. The post blew up, garnering 130,000 views, nearly a thousand likes, and even some comments saying “Long live Tether” 😂😂 Why? Because it was highlighted by its peers. Both were hacked, both are stablecoin issuers, Circle’s and Tether’s responses are like products of two different eras. During the Drift incident, the community immediately called for Circle to freeze the funds, What happened? Selective deafness. They kept dragging until public pressure became unbearable, then finally issued a notice: “We need compliance approval; we cannot freeze arbitrarily.” That statement isn’t wrong, but the problem is the users’ money was being hacked while you’re talking about procedures. At that moment the feeling was summed up in one word: Cold Now look at today: after the Near incident, Tether’s response was to freeze immediately, stop the bleeding first. No long list of procedural explanations, no high‑and‑mighty attitude, just a simple logic: “First, protect the users’ money.” And don’t forget, Tether actually put over $100 million of real cash to help clean up the Drift aftermath. Comparing the two events, the contrast is striking: One is thinking “Is it compliant?” The other is thinking “Should we rescue?” One is becoming more like a traditional financial institution, The other is more like crypto purism. Circle clearly also grew out of the wild crypto soil, but now it’s bureaucratic, sluggish, process‑first. It’s becoming more like a “traditional financial institution sitting in an office” rather than a participant standing with users. That “I follow the rules, it’s not my problem” vibe is, honestly, quite off‑putting. On the other hand, many people used to think Tether wasn’t “legitimate” enough, but at critical moments it at least stands on the users’ side, at least knows what users truly care about. I know many Circle friends are now sitting comfortably on $Crcl, but this time I just had to vent – investing and watching are two different things. It’s not about who is more compliant, but who resembles their original self more.

TL;DR for @rhea_finance Exploit → $7.6M drained from NEAR’s top DeFi hub (Ref + Burrow merger). Confirmed by @CertiK. → Attacker deployed fake token contracts, seeded liquidity in fresh pools, then manipulated the oracle + validation layer to extract real assets (USDC, USDT, ZEC, NEAR, etc.). Straight “synthetic assets trick oracle” play. → The team has paused contracts, investigating with security partners, and sent an on-chain message to the exploiter. No recovery yet. → Hit 6% of TVL a big blow to the chain’s dominant liquidity layer. Stay Safe friends