Neutrl
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 33 → 54. Problems weighed by who is responsible: incidents the subject suffered −6.4, problems around the subject, caused by others −3.2, concerns that are not fraud −3.2; legitimacy credit long-running +2; fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -3.2 |
| Long-running | +2 |
| Sum | 54 |
Score: 54/100 (kept between 0 and 100)
How scoring works →Summary
Neutrl is a DeFi protocol issuing NUSD, a market-neutral synthetic dollar backed by OTC altcoin arbitrage and delta-neutral futures hedging strategies. The protocol raised $5 million in seed funding in April 2025 and grew to over $136 million in TVL. In March 2026 Neutrl suffered a DNS hijacking attack — part of a coordinated campaign targeting .fi domain protocols — that compromised its frontend interface, though the team maintained that smart contract reserves and user funds were not directly drained.
Incidents (1)
- Neutrl DeFi DNS Frontend Hijack (March 2026)added 2026-06-02
Connected Entities
7 entities · 60 linked investigations- ZachXBT→mentioned with→Binance(60%)
- Chainlink→mentioned with→Coinbase(65%)
- Ethena→mentioned with→Coinbase(60%)
- Ethena→mentioned with→Binance(80%)
- Ethena→mentioned with→ZachXBT(70%)
- Neutrl→mentioned with→Chainlink(60%)
- Neutrl→mentioned with→Ethena(65%)
- Neutrl→mentioned with→Binance(60%)
- Coinbase→mentioned with→ZachXBT(70%)
- LayerZero — DVN Single-Verifier Configuration Risk→mentioned with→Chainlink(70%)
- + 3 more
Timeline(7 events)
16 April 2025
Neutrl raises $5 million in seed funding led by STIX and Accomplice, with participation from Amber Group, SCB Limited, Figment Capital, Nascent, and angel investors including Ethena founder Guy Young.
10 November 2025
Neutrl launches its public DeFi protocol, issuing NUSD and sNUSD. The protocol reports $75 million raised in a pre-deposit vault campaign and early yields of approximately 30%.
November 2025
USDX, a competing delta-neutral synthetic dollar with $683 million TVL, collapses from $1 to $0.09 — a sector stress event that increased scrutiny of all synthetic stablecoin protocols.
18 March 2026
Neutrl's neutrl.fi domain is hijacked via social engineering of the domain registrar. Users redirected to a malicious frontend prompting unauthorized Permit2 approvals. Smart contracts paused. Security firm 0xGroomLake engaged.
19 March 2026
Neutrl publicly warns users to cease all interaction with neutrl.fi, provides malicious contract addresses to revoke, and advises use of revoke.cash. Incident identified as part of coordinated campaign also targeting Cow.fi, Steakhouse, and HypurrFi.
21 March 2026
Neutrl completes DNS migration to neutrl.finance and switches DNS providers. Smart contracts unpaused. Team states all reserve assets and NAV remain secure in custodial wallets.
May 2026
Neutrl announces LayerZero OFT standard integration, enabling NUSD and sNUSD transfers across 150+ blockchains.
Decision Log
- slot 457797177 · hash VV5iEGp9kv5BoYMthA8H7cGBJQAZYrGwTVW4EUjYohu
- slot 455366377 · hash 24TxKjjPXZKz3Ce287Xf15gELZuJaBqr6PqZs6c1trDg
- slot 443525749 · hash nUXmuUtUYeV8hJ5JShcy2CvsthJovzBnGZnGro9gYPr
- slot 443525740 · hash FAVbGtRhg8sjs6EKQ5AUSCHuip2EwKcrcVA879m6TTZv
- slot 443525733 · hash AVeDTXJeuLNxHeSBDmYoMouCth8Pe7pmbtSfr4cnZ3wE
- slot 443525724 · hash ARmcQc3ddKtDfFeX2Z6xTLyuU3izJeJqzenMfNMnsUuL
- slot 422792442 · hash 7z9fz1e3NPP5yv9BXbSuSuBRHnrtKStBqD6i1bgjAhN8
This investigation is cryptographically anchored to the Solana blockchain (7 decisions). 18 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:12 AM
last updated: 10/10/2026, 6:46:36 PM
6 viewsavoid.net — verified advice for a post-truth world