zkLend Stops Operation After $9.6 Million Hack Introduction

On June 25, 2025, #zklend , the lending protocol on StarkNet, announced it would cease operations following a $9.6 million hack and the ZEND token being delisted from Bybit and KuCoin. The project has set up a compensation fund of $200,000 and will make the source code public.

zkLend Stops Operation and Handling Plan

zkLend shuts down due to loss of trust after the hack on February 11, 2025, when hackers exploited a rounding error and flashloan, withdrawing $9.6 million via Railgun. The project allocates $200,000 to support users, maintains the DeFi portal for unstaking, and publicly discloses the source code.

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