Odaily News zkLend announced on the X platform that it will shut down its services, saying that the vulnerabilities it has suffered in recent months have severely damaged user confidence. In addition, mainstream exchanges such as Bybit and KuCoin have recently delisted ZEND, further limiting the liquidity and accessibility of tokens. This block severely limits the ability to effectively configure new projects. In view of these circumstances, zkLend will use the remaining treasury funds ($200,000) to support affected users through a recovery fund, which is a more responsible and meaningful use of resources than restarting our currency market and continuing to develop. Support our community in this process: 1. DeFi Spring, Recovery, and kSTRK portals will remain active, and users can access and cancel pledges or claim them. 2. We will continue to work with zeroShadow to leverage their expertise in tracking lost funds. Any recovered funds will go directly to the user recovery fund. 3. We will open source the audited and updated code base for further development by any interested parties. This will be released in the next few weeks.