According to ChainCatcher, the Starknet ecosystem project zkLend announced on social platforms that the project will gradually shut down.
The official statement emphasized that this decision was not made lightly. Over the past few months, security vulnerability incidents have severely shaken user confidence, and the recent delisting of ZEND tokens from mainstream exchanges like Bybit and Kucoin has further restricted token liquidity and accessibility. These changes have made it difficult for zkLend to effectively allocate resources to develop new business.
Given the current situation, zkLend believes that using the remaining $200,000 in treasury funds for a user compensation fund is more responsible and meaningful than restarting the money market or continuing development. The team will remain online and spare no effort in pursuing asset recovery.
