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Illia Polosukhin

Co-founder of NEAR Protocol, a blockchain platform for decentralized and AI applications, and former Google software engineer.

Known aliases

  • Polosukhin

Current stories

investOne report1 publisher

Bitwise's staked NEAR ETF gathers $58 million in three days, 61% of it on the first

Bitwise's NRR, the first U.S. spot NEAR ETF, gathered about $58 million in its first three sessions, according to a Bankless tally of daily flows. Inflows shrank each day, so the coming weeks will test whether Bitwise's AI pitch for NEAR finds buyers after the launch.

Publishers:bankless.com

Reality

Evidence55
Adoption30
Hype gap+25
Incentives85
Confidence55
investConfirmed4 publishers

NEAR Intents recovers all $3.8 million lost to a bug in its deposit-and-withdrawal layer

NEAR Intents got back all $3.8 million drained through a bug between its Omni deposit-and-withdrawal layer and its contract, after encrypted talks. Whether that layer is safe now rests on the patch, since every user who lets the protocol choose a bridge depends on it.

Publishers:cointelegraph.com cryptobriefing.com cryptopolitan.com decrypt.co

Perspective Coverage

4 publishers
Builder
Builder 31%
Operator
Operator 45%
Investor
Investor 24%

Reality

Evidence74
Adoption55
Hype gap+15
Incentives60
Confidence72
investConfirmed5 publishers

Attacker drains $3.8 million from Near Intents via bug in Omni deposit and withdrawal layer

Near Intents halted its cross-chain swap service after a bug in its Omni deposit layer let an attacker take about $3.8 million. Crypto balances carry no deposit insurance, so affected users are relying on the operator's promise to repay them in full.

Publishers:cointelegraph.com crowdfundinsider.com cryptopolitan.com decrypt.co finance.yahoo.com

Perspective Coverage

5 publishers
Builder
Builder 23%
Operator
Operator 44%
Investor
Investor 33%

Reality

Evidence70
Adoption55
Hype gap+15
Incentives60
Confidence65
investConfirmed4 publishers

NEAR Intents turned away about $50 million of Bitget loot that the hackers routed elsewhere

NEAR Intents' SHIELD layer refused all but $166,000 of a $50 million-plus attempt by Bitget's hackers. That makes screening policy the clearest difference between NEAR and THORChain. Each protocol carries a different exposure because of it.

Publishers:bankless.com cointelegraph.com cryptobriefing.com cryptopolitan.com

Perspective Coverage

4 publishers
Builder
Builder 36%
Operator
Operator 35%
Investor
Investor 29%

Reality

Evidence58
Adoption35
Hype gap+25
Incentives66
Confidence58
investConfirmed4 publishers

Bitwise's first US spot NEAR ETF keeps two-thirds of the network's 5% staking reward for holders

Bitwise's NRR, the first US spot NEAR ETF, stakes its tokens and keeps about 67% of a roughly 5% reward rate for shareholders. After the 0.75% fee, that comes to roughly 2.6% a year in extra tokens, just above NEAR's 2.5% inflation.

Publishers:bankless.com cointelegraph.com cryptopolitan.com decrypt.co

Perspective Coverage

3 publishers
Builder
Builder 8%
Operator
Operator 20%
Investor
Investor 72%

Reality

Evidence60
Adoption
Not scored
Hype gap+40
Incentives75
Confidence65