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Key Takeaways zkLend is shutting down after a security exploit and the ZEND token’s delisting from Bybit and KuCoin. The protocol will use its remaining $200,000 treasury to support affected users and is open-sourcing its codebase. Share this article zkLend, a decentralized lending protocol built on Starknet, has announced it will cease operations in the … Read more
The zkLend exploiter lost all 2,930 ETH in a phishing scam while trying to launder the stolen money using what they thought was Tornado Cash. According to a Mar. 31 post on X by Consensys-backed De.Fi Antivirus Web3, the attacker mistakenly deposited the stolen funds into a fake Tornado Cash website, resulting in an immediate … Read more
zkLend has officially launched its Recovery Portal, allowing users impacted by the platform’s Feb. 12 exploit to claim their lost funds. The decentralized lending protocol announced the portal’s activation on a Mar. 5 post on X, advising users to verify communications through official channels before accessing their claims. The exploit drained $9.6 million from zkLend’s … Read more
zkLend has lost over $9 million worth of Ethereum in a hack. The protocol is demanding the hacker return 90% of the stolen funds or face legal consequences. On Feb. 12, Starknet-based layer2 money-market protocol zkLend officially admitted that it had been hacked. The protocol said their internal team is currently investigating the root cause … Read more
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