zkLend announces project closure, remaining funds will be used for user compensation.

DailyNews

PANews June 25 news, zkLend official announced on platform X that the team will gradually shut down the project. The team stated that the recent security vulnerabilities have severely affected user confidence, combined with the delisting of the ZEND Token by major exchanges, resulting in limited liquidity and availability. The team has decided to allocate the remaining $200,000 in funds to support a compensation fund for affected users and will continue to track the stolen funds. Meanwhile, zkLend will open source its audited code for interested parties to further develop.

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