ZeroLend DeFi Protocol Announces Shutdown After 3 Years Due to Security Issues and Low Activity

The decentralized finance (DeFi) lending protocol ZeroLend has officially ceased operations. After three years in the crypto space, the project's team cited persistent challenges, including security breaches (hacks) and inactive blockchain chains with low user engagement, as the primary reasons for the shutdown. This decision highlights the ongoing consolidation and competitive pressures within the DeFi sector, where protocols must continuously demonstrate utility and robust security to survive. Users of the platform are advised to withdraw any remaining funds from the protocol's smart contracts as soon as possible.