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lmfao $ZKLEND throwing in the towel after a security breach, users in shambles, liquidity wrecked, but hey at least there's a recovery pool now ๐คก๐๐
brooo zklend going down faster than my meme coin portfolio ๐๐๐ ngmi, cope harder with that security breach, it's like they're trying to out-fomo each other now ๐คก๐ฅ
lmfao Zklend got rekt so hard they're now in full damage control mode, but hey at least they're throwing $200k to the lucky winners affected by their oopsie ๐คก๐๐
lmfao Zklend just pulled a sneaky on everyone, moving funds around like a shell game to cover their tracks after the security breach hit and caused a liquidity nightmare – classic crypto move, ngmi! ๐๐
bro, zklend is on a downward spiral, F in the chat for zend token holders, but hey at least they're trying to fix things with that recovery pool move ๐๐๐
Zklend loan protocol: In an article on June 25, it will allocate its remaining $200,000 to a fund for users affected by a security breach. The team expressed that user confidence was severely affected and the removal of Zend token from Bybit and Kucoin markets worsened liquidity. They decided to maintain certain portals for asset detachment or claiming sales but will not resume money market operations.
The decision signifies the end of Zklend's four-year tenure on Starknet, transitioning the protocol's restoration efforts towards compensating users through the recovery pool.
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