ZeroLend Offers Asset Recovery Following Shutdown

[etfs]

ZeroLend plans to upgrade its smart contracts to redistribute funds stuck on low-liquidity chains and is working to recover assets tied to a February 2025 exploit on the Base blockchain. Suppliers affected by the exploit will receive partial refunds via a team-held airdrop allocation.

The protocol’s ZERO token has plummeted 34% in the last 24 hours and has lost nearly all value since its May 2024 peak, reflecting the challenges facing layer-2 lending platforms in today’s market.

[tradelikepro]

lol zero token down 34% in a day and basically worthless… brutal for anyone still holding