zkLend Collapses Following $9.5M Exploit and Token Delisting Crisis

Another crypto project bites the dust—zkLend shuts its doors after a brutal $9.5M hack and exchange exodus.

The Exploit That Broke the Camel’s Back

Attackers drained $9.5M from the protocol, leaving developers scrambling and users fuming. No fancy bridges or complex DeFi mechanics—just old-fashioned code vulnerabilities exploited under everyone’s noses.

Delisting Domino Effect

Exchanges wasted no time cutting ties. Tokens got the boot faster than a trader chasing the next shitcoin rally. Liquidity? Gone. Trust? Even deader.

The Ironic Epitaph

Built to 'secure' lending, undone by the very risks it claimed to mitigate. The crypto cycle continues—innovate, hype, implode. At least the hackers got a proper ROI.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.