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zkLend
@zkLend
15 Following 90K Followers 1.9K Posts
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Dear zkLend Community,
It is with a heavy heart that we announce our decision to wind down zkLend.
This decision was not made lightly. Over recent months, the exploit we suffered has deeply eroded user confidence, and furthermore, the recent removal of ZEND from major exchanges such as Bybit and KuCoin has further constrained token liquidity and accessibility. This development significantly limits our capacity to effectively allocate toward any new initiatives.
Given these circumstances, we believe that using the remainder of our treasury —$200,000—towards supporting affected users through the recovery fund is a more responsible and meaningful use of resources than relaunching our money markets and continuing development.
To support our community during this process:
1. The DeFi Spring, recovery, and kSTRK portal will remain live and accessible for users to unstake or to claim.
2. We continue to engage zeroShadow for their expertise in tracking down lost funds. Any recovery from these efforts will be directed towards the user recovery fund.
3. We’re open-sourcing our audited and refreshed codebase for any interested parties for further development. This will be made available in the following few weeks.
We will continue to remain online and committed to the recovery of stolen funds through any means necessary. We want to sincerely thank every one of you for your support and trust throughout this journey. We have been proud to be part of Starknet’s journey from its early beginnings and to witness its growth and evolution firsthand.
With gratitude and resolve,
The zkLend Team
It is with a heavy heart that we announce our decision to wind down zkLend.
This decision was not made lightly. Over recent months, the exploit we suffered has deeply eroded user confidence, and furthermore, the recent removal of ZEND from major exchanges such as Bybit and KuCoin has further constrained token liquidity and accessibility. This development significantly limits our capacity to effectively allocate toward any new initiatives.
Given these circumstances, we believe that using the remainder of our treasury —$200,000—towards supporting affected users through the recovery fund is a more responsible and meaningful use of resources than relaunching our money markets and continuing development.
To support our community during this process:
1. The DeFi Spring, recovery, and kSTRK portal will remain live and accessible for users to unstake or to claim.
2. We continue to engage zeroShadow for their expertise in tracking down lost funds. Any recovery from these efforts will be directed towards the user recovery fund.
3. We’re open-sourcing our audited and refreshed codebase for any interested parties for further development. This will be made available in the following few weeks.
We will continue to remain online and committed to the recovery of stolen funds through any means necessary. We want to sincerely thank every one of you for your support and trust throughout this journey. We have been proud to be part of Starknet’s journey from its early beginnings and to witness its growth and evolution firsthand.
With gratitude and resolve,
The zkLend Team
STRK staking v2 migration is now complete.
Users can continue to stake STRK and mint kSTRK, as well as redeem as usual via zkLend.
Users can continue to stake STRK and mint kSTRK, as well as redeem as usual via zkLend.
The staking migration is now complete!
Staking operations are live again, and both Block Attestation and Commission Adjustment features are now active on Mainnet.
This upgrade improves the economics of STRK staking and brings greater transparency to validator behavior: allowing delegators to evaluate and compare validator liveness and reliability ahead of their future role in Starknet consensus (targeting EOY).
From now on:
> Validators must attest to randomly selected blocks each epoch.
> They can also adjust their commission, but only under strict, time-locked conditions.
> Delegators can monitor validator liveness and commission policies across all staking UIs, and switch at any time if needed.
This v2 implementation is a major step toward Starknet’s full decentralization. Now we’re doubling down to ship v3 by the end of the year, and bring Bitcoin staking to Starknet.View quoted post on X
Last night, the exploiter of zkLend tried to use Tornado Cash to mix 2930 ETH of the stolen funds and interacted with a known Tornado Cash phising website tornadoeth[.]cash, thereby losing the funds to another party.
x.com/tornadocashbot…
This website appears to have operating over 5 years. At this stage, security teams do not have conclusive evidence that the phshing website and the exploiter are connected. As a precaution, we have included these new wallet addresses from the phshing website into our fund tracing efforts.
Source: x.com/evilcos/status…
Since last night, there have been significant movements of funds from the exploiter’s controlled wallet addresses. Both security and zkLend team were monitoring in real time, while liaising with CEX and authorities in parallel. We will continue our efforts to track down these funds.
x.com/tornadocashbot…
This website appears to have operating over 5 years. At this stage, security teams do not have conclusive evidence that the phshing website and the exploiter are connected. As a precaution, we have included these new wallet addresses from the phshing website into our fund tracing efforts.
Source: x.com/evilcos/status…
Since last night, there have been significant movements of funds from the exploiter’s controlled wallet addresses. Both security and zkLend team were monitoring in real time, while liaising with CEX and authorities in parallel. We will continue our efforts to track down these funds.
🚨The following are phishing websites and related social media accounts:
tornadoeth.cash
t.me/tornadocash
x.com/DevsTornado
x.com/TornadoCashDev
github.com/TornadoCashDev
‼️Report Source: github.com/MetaMask/eth-p…View quoted post on X
