Entangle (NGL) - Emergency Transfer Pause - 09 Mar 2025

The emergency pause on NGL transfers aims to tackle security concerns related to unauthorized token minting. This quick action reassures holders about project resilience, yet introduces short-term uncertainty. Such incidents can trigger volatility as investors react to potential risks associated with their holdings. While the pause may protect the project’s integrity, it could also lead to temporary sell pressure if confidence wavers. The outcome of the investigation and subsequent token burn will be crucial for restoring trust in NGL. Investors should remain cautious and stay informed. sourceWe are implementing an emergency pause on all NGL token transfers to prevent any further minting by the exploiter.Our team is actively investigating the situation, and once resolved, we will proceed with burning the excess minted tokens.This incident has not affected our…