Neutrl: The current situation is complicated, and protocol functionality will continue to be suspended

Comparing news, Neutrl, a decentralized revenue protocol that has previously suspended protocol functionality, wrote on X: “Due to the current complicated situation, the Neutrl service is still suspended. Our top priority is to try our best to get the best results for our users. We are evaluating available reserves and planning an orderly recovery process. We will post more information as soon as next steps are determined.”

Earlier, decentralized income protocol Neutrl announced last week that it has temporarily suspended minting, redemption, and other protocol functions due to the impact on protocol reserves. Neutrl said the move was taken after consulting legal counsel to protect users' interests and keep the process in order during the impact assessment period. The team will provide users with instructions on the processing process in due course, and more information on the schedule and next steps will be announced as soon as it is determined.