Zest Protocol: Suspends New Borrowings Due to Binance Security Incident; Existing Positions Remain Overcollateralized
Zest Protocol stated that, out of an abundance of caution, it has suspended new borrowing services following the Binance security incident. Currently, all lending positions on the platform remain over-collateralized, market operations are running well, and Zest Protocol products have no risk exposure to Binance. This suspension is intended to protect users, and the platform anticipates gradually resuming borrowing services in sync with the broader industry.
