Neutrl suspends key protocol functions pending further notice

Neutrl said it has temporarily suspended minting, redemptions and other protocol functions after a situation emerged that affected its asset reserves. The DeFi protocol said the move was taken on the advice of its legal counsel as it works to address the matter, adding that it is assessing the exact scope of the impact and plans to provide users with a clear and orderly processing procedure in a future notice once details and next steps are finalized.