yyy|8月 13, 2026 12:43
Another stablecoin project, @Neutrl, is suspected of rug-pulling.
Neutrl's official post on X stated that there are issues with the protocol reserves, and all protocol functions, including minting and redemption, have been suspended.
Their third-party reserve verification service provider, @AccountableData, has yet to provide an explanation, and the official website has not removed the public display of Neutrl protocol reserves.
As of now, Defillama data shows that the market cap of Neutrl's stablecoin NUSD is $53.3 million.
Comments on X are disabled, and their Discord has outright deleted the chat channels. Another lesson learned from an Indian founder project. @behrin
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