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@SilkBtc In case you're not in it yet, we have a Telegram group of affected users. 129 members so far - some accepted the 51% deal, most didn't. https://t.co/Pqx3JYVjDC

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@crlfq @Neutrl Signing the terms and conditions for the 51% redemption gives up all claims to the illiquid funds that will be recovered in the future. That's just pure theft and (legal) fraud.

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@wassielawyer @TimStone84 @Bkclaims @Neutrl Thank you for your insight. Is the clause "accept 51% and lose all claims on future recovered funds" standard legit business practice or are they trying to scam/blackmail/pressure investors? Thx!

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@vinay15yaniv @KazumaxCrypto The redemption terms are: you get 51% now, but you have no claims on all the recovered funds from illiquid assets. You may get some if they feel generous, but they can also just keep it. Really scammy.

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@behrin @realJoJo @Hyperliquid_MY @behrin with all due respect, you owe us an update on the @neutrl situation. "early September" is over.

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@0xTAY_ Tay, with all due respect, you owe us an update on the @neutrl situation. It has been weeks!

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@PBalban @cortes_john Great addition and much safer than escooters. I'm wondering whether or not these (city-)bikes are powerful enough to go up the rock.

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@Lodzhal @ranveerar89 @behrin @alturax @Neutrl Twitter location is "West Asia"

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@deficrimewatch sNUSD still seems to be trading on some DEXes with very low volume, but that's besides the point. General mood on X is "all NUSD money is lost" - I'm just wondering how bad the situation really is. 10% haircut or 75%.

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@deficrimewatch Even in the worst case, wouldn't it be only a rather small percentage of the overall $53M, if a single investment of the fund went south? sNUSD is trading at a 75% discount atm. What am I not seeing?

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@deficrimewatch Thank you. Just to get some perspective regarding the scale of the issue here. Assuming the worst for the $H situation... How much of a hit would the 53M reserve take? Any guess? Thx

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@deficrimewatch Interesting. How much of a hit did they take through this? "a few million" doesn't sound too bad in comparison to the 53M balance sheet. Is this a 10% haircut situation or are they in much bigger trouble? Thx

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@kelvara_bear @Neutrl Thank you Andy. So you think this analysis is highly inaccurate? https://t.co/4mpq1W3und

[dgtl_assets 🔍 @bcrypt5]

Neutrl has temporarily paused minting, redemptions, and other protocol functions following circumstances affecting protocol reserves. We are using @herd_eco by @andrewhong5297 to check where the reserve assets are held.

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@kelvara_bear @Neutrl Where did the whole system go wrong? It was supposed to be delta neutral... If they ride this out for a while, do you think they will have enough funds to return the 53M? Or where did money get "lost"? Thank you in advance

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@yas_crypto NUSD is still at $1 because you can't swap out of it on curve. You get an error message if you attempt to swap.

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@kelvara_bear If it's off-chain, at least it's less likely that ALL of their funds have been drained by an anonymous entity.

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@PDmytriiev @Neutrl Ok thx. So hack/walletdrain is still a possibility...

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@doxe_0x You can't actually execute any NUSD trades on curve (error message) - that's why the price is still at $0.99.