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DeFi7 months ago

DeFi Lending Protocol zkLend Shuts Down After $9.5M Exploit, Token Delisting

The exploit, caused by a rounding error vulnerability in one of zkLend’s smart contracts, siphoned off millions in user funds and marked the beginning of a rapid unraveling for the project. Despite attempts to negotiate with the attacker, including a proposed 10% bounty offer, zkLend was unable to recover the stolen funds.

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