Express
Starknet ecosystem project zkLend announces shutdown, with only $200,000 left in treasury funds, will continue to recover stolen assets
Summary: According to reports, Starknet ecosystem project zkLend announced on social media that the project will gradually shut down. The official statement emphasized that this decision was not taken lightly. In recent months, security incidents severely undermined user confidence in zkLend, and the recent removal of the ZEND token from mainstream exchanges such as Bybit and ...
According to reports, Starknet ecosystem project zkLend announced on social media that the project will gradually shut down.
The official statement emphasized that this decision was not taken lightly. In recent months, security incidents severely undermined user confidence in zkLend, and the recent removal of the ZEND token from mainstream exchanges such as Bybit and KuCoin further limited token liquidity and accessibility. These changes have made it difficult for zkLend to effectively allocate resources for new business ventures.
Given the current situation, zkLend believes that using the remaining $200,000 in treasury funds for a user compensation fund is more responsible and practical than restarting the currency market or continuing development. The team will continue to be active online and spare no effort in advancing asset recovery efforts.
Starknet's on-chain lending protocol zkLend was attacked by hackers on February 12, resulting in a loss of over $9.5 million.
Tags:
Link: Starknet ecosystem project zkLend announces shutdown, with only $200,000 left in treasury funds, will continue to recover stolen assets [Copy]
