⛓️💥 zkLend ceases operations due to the aftermath of the hack
The decentralized lending protocol zkLend within the Starknet ecosystem has announced the cessation of its operations. Following the hack in February 2025, the community lost trust, and the delisting from major exchanges reduced the liquidity of the ZEND token. This limited the team's ability to "effectively allocate funds to any new initiatives".
A remaining fund of $200,000 will be transferred to a recovery fund to support affected users. Funds for withdrawal are promised to remain accessible.
"We will stay online and do everything we can to recover the stolen funds," the project message states.
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