Starknet ecosystem project zkLend announced its closure
2025-06-25 12:56:09
On June 25th, Starknet ecological project zkLend announced on social media that the project will be gradually shut down. The official said that this decision is by no means a rash move. In the past few months, the security bugs encountered by zkLend have seriously shaken user confidence, and the recent removal of ZEND tokens from mainstream trading platforms such as Bybit and KuCoin has further restricted the liquidity and accessibility of tokens. These changes make it difficult for zkLend to effectively allocate resources to launch new businesses. In view of the current situation, zkLend believes that it is more responsible and practical to use the remaining US $200,000 of treasury funds for the user compensation fund than to restart the money market or continue to develop. The team will continue to stay online and spare no effort to promote asset recovery.
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