🚨 zkLend on Starknet Hacked for Over $9M

The lending protocol zkLend was attacked, targeting the derivative token lending market for wstETH, with estimated losses around 3,666 ETH ($9.48M).

Immediately after the incident, zkLend paused withdrawals and made an offer to the hacker: keep 10% as a reward, but return 90% (3,300 ETH ~ $8.4M) if they want to avoid legal consequences.

ZEND price dropped by 15% following the news, and the TVL plummeted from $11.57M to just $1.17M.

Starknet’s system is already compromised, and now it’s been hacked