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Neutrl

avoid.net/neutrl→33/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5rBmfw…nZ53

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.

Connected Entities

7 entities · 60 linked investigations
Organizations
□Neutrl□Ethena55□Chainlink67□Binance45□ZachXBT82
Protocols
⌂LayerZero — DVN Single-Verifier Configuration Risk
Tokens
♦Coinbase62
Relationships
  • 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
Also appears in
Levyathan·18Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15StableMagnet·2Dean Daghita / CMDSS (Command Services and Support)·0Bankr·18Nexera·32SafePal·42Playsomo·60BearnFi·12+ 50 more
Have evidence about Neutrl?

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.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain18 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (5 events). 18 of 22 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:12 AM

last updated: 8/30/2026, 8:07:19 PM

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