It has been reported that zkLend has officially announced the closure of its operations, with the remaining $200,000 in funds to be used for a user recovery fund. The team stated that a previous attack incident has undermined user confidence, and coupled with the delisting of ZEN tokens from certain exchanges and limited liquidity, they are no longer in a position to continue development. zkLend will retain DeFi Spring, recovery, and kSTRK.
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It has been reported that zkLend has officially announced the closure of its operations, with the remaining $200,000 in funds to be used for a user recovery fund. The team stated that a previous attack incident has undermined user confidence, and coupled with the delisting of ZEN tokens from certain exchanges and limited liquidity, they are no longer in a position to continue development. zkLend will retain DeFi Spring, recovery, and kSTRK.