ZeroLend plans to gradually cease operations and advises users to withdraw their funds as soon as possible.

PANews reported on February 16th that the multi-chain lending protocol ZeroLend announced on the X platform that it will gradually cease operations after three years. The team's current priority is ensuring users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible. ZeroLend explained that as the protocol's scale expanded, it attracted more attention from malicious actors, including hackers and fraudsters. Combined with the inherently low-profit, high-risk nature of lending protocols, this resulted in the protocol operating at a loss for an extended period.