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The credit protocol has given In the post of June 25 on X That this will end its operation and direct the remaining cash register $ 200,000 per Fund for users affected by February security violations.
The team said he had exploited “a deeply impaired user’s confidence” and Zend’s elimination from Bybit and Kuinin He amplified a negative sentiment that caused a significant decrease in capital and liquidity needed for new products.
Liquidity of the grip and the decision to leave
While ZKlend has assessed the possibilities of recovery, Bybit and Kucoin removed the token Zend from their spot markets, which sharply reduced the depth of trading and interrupted the way to increase fresh liquidity.
The team said these restrictions caused the launch of unrealistic. Instead, he retains his portals Defic Spring, Recovery and Kstrk Online, allowing users not to stand asset or balance of demands.
He also retained Zeroshadow’s security outfit to watch all the remaining stolen coins and commit to directing future recovery to the user fund.
Sklend plans to publish its refreshed and audited code base as an open-source “in the coming weeks” for every developer who wants to build on the framework. The team added that “he will remain online and undertaken to restore stolen funds through the necessary resources” but will not restart his money market operations.
The decision means the end of a four -year run of Starknet and formalize the shift from the reconstruction of the protocol to compensate users through the regeneration fund.
Using exhausted 3,300 ETH
In the amount of 12 February, the attacker used in contractions of the Starknet precise rounding to release about 3,300 ETH, at that time worth about $ 9.5 million. Using the bridge of asset Ethereum and directed them through the Personal Data Protection tool.
The exploder offered a 10% remuneration if 90% of the funds were returned within 14 February, warning that if the deadline would be approved, it would take legal action. Funds have never returned and the protocol stopped with selections while working with Cyvers, coercive bodies and on-river investigators.
The investigation caused unexpected twists of 1 April when Zkend said the attacker lost 2,930 ETH on a The phishing page sets out on a tornado cash.
Blockchain Analytics Lookonchain confirmed the loss and the attacker sent a report on the chain that admitted this error and said he had lost all the means. He added, “I’m devastated and sorry.”
The violation left the user locked from their deposits and, as a result, suffered the reputation of the protocol.
