News

Foresight News reports, according to Ember monitoring, @qwatio’s Bitcoin and Ethereum short positions have been partially liquidated, with current unrealized losses of $8.32 million. The current positions are: 1,131 BTC short with 40x leverage, valued at $122 million, entry price $104,724, liquidation price $108,311; 28,000 ETH short with 25x leverage, valued at $68.3 million, entry price $2,425, liquidation price $2,459.

Foresight News reports that zkLend has announced on the X platform that the team will gradually wind down the project’s operations. The team stated that a recent security vulnerability has severely impacted user confidence, and the delisting of the ZEND token from major exchanges has further restricted liquidity and usability. As a result, the team has decided to allocate the remaining $200,000 to a compensation fund for affected users and will continue to track the stolen funds. Additionally, zkLend will open source its audited code for those interested in further development.