- Zklend stops.
- The protocol was used for $ 9.5 million earlier in the year.
- Cryptographic losses of pirates and exploits exceeded $ 2 billion in 2025.
First, Zklend lost $ 9.5 million for a malicious feat in February.
Then, Railgun, a privacy protocol, refused to whiten the operator’s product before losing the funds for a tornado cash scam.
Now, four months later, Zklend calls it leaves.
“It is with a heavy heart that we announce our decision to finish Zklend,” the team announced on Wednesday.
Radiation
The Defi loan protocol blamed the feat as well as the radiation of his native Zend token from major exchanges like Bybit and Kucoin for his difficult situation.
Zklend becomes the last entrant to abandoning the Darwinian race of Defi. If there has never been a time when a protocol could survive hacking or exploitation, it seems to have ended.
Conic Finance, for example, stopped in March after undergoing losses of malicious deployment twice.
Certainly, there are exceptions. The finance of alpaca has been canceled by the cold arithmetic of obsolescence and a failure to obtain sufficient adjustment on the product market rather than piracy.
Losses accumulate.
Pirates, exploiters and other malicious players stole more than $ 2 billion in crypto projects in 2025, according to Defilma. This represents an increase of almost 50% compared to the whole of last year.
At its peak, Zklend has held nearly $ 56 billion in investor funds as a monetary market protocol on Starknet blockchain.
Rounding up
But he lost $ 9.5 million when an attacker exploited a vulnerability of rounding error in one of his smart contracts. The attack allowed similarities with other roundings of rounding error suffered by protocols defi like Eraend.
The Zklend team tried to negotiate with the operator to return the Syphonized Funds in exchange for a premium of 10%. These procedures have become theaters when the attacker declared the loss of funds to an apparent scam in species of tornado.
Zklend said that he only had $ 200,000 in his treasure, which will be used to support affected users. The front of the protocol will also remain open to users to remove their assets.
Osato Avan-Nomayo is our DEFI correspondent based in Nigeria. It covers Defi and Tech. Do you have a tip? Please contact him at Osato@dlnews.com.
