Entangle, an omnichain messaging protocol, was hacked. The hacker minted 13b tokens and traded for WETH, driving the price to near zero.

Entangle, an omnichain cross‑chain messaging and data infrastructure protocol, suffered an apparent exploit in which an attacker was able to mint roughly 13 billion NGL tokens and swap a significant portion of them for WETH on secondary markets, causing the token price to collapse toward zero in a short period of time. Social media transaction traces shared by on‑chain analysts show the attacker repeatedly minting or unlocking massive amounts of NGL, then routing them through decentralized exchanges to sell into available liquidity, rapidly draining pools and triggering a steep market dislocation. At the time of writing, this incident appears to be centered on Entangle’s token and related contracts rather than its broader marketing claims around omnichain interoperability, but it directly undermines confidence in the protocol’s security assumptions. Entangle positions itself as a permissionless cross‑chain messaging layer and “omnichain” infrastructure, enabling protocols and agents to move value and instructions across multiple blockchains, including recent non‑EVM integrations such as Solana via its Photon messaging protocol and NGL‑Solana bridge. The exploit therefore matters beyond a single token price event: it raises questions about how Entangle’s token logic, minting controls, and bridge or messaging contracts are architected and audited, at a time when cross‑chain infrastructure is already under scrutiny after other major bridge and interoperability hacks. For users and integrated DeFi protocols, the key issues now are whether any other assets or chains were affected, how Entangle’s team responds in terms of contract pauses, incident reports, and potential remediation, and what this means for the perceived risk profile of omnichain messaging systems more broadly.

✨ AI-generated background, compiled from web sources — not editorial content.

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