ZEED

It is a decentralized finance protocol that provides token services and liquidity mechanisms, known under aliases ZEED and YEED, headquartered in Singapore. It enables users to supply liquidity and earn rewards via its token contract. The protocol's smart contract governs token distribution and reward allocation. It operates in the DeFi sector, serving participants in cryptocurrency markets. The protocol's code is designed to automate reward accrual for liquidity providers. It has experienced a security incident affecting its token contract.

On April 21, 2022, a hacker exploited a vulnerability in the protocol's token contract, withdrawing excessive rewards intended for liquidity providers. The attacker then sold the stolen tokens, causing the token's value to collapse to zero. Approximately one million dollars in cryptocurrency was taken and subsequently sent to a contract that triggered a self‑destruct function, rendering the funds inaccessible. In response, the protocol halted trading and withdrawals, announced plans to repair and audit the smart contract with community oversight, and prepared to relaunch the token. This event highlighted an unusual outcome where stolen assets were deliberately destroyed rather than laundered or held for ransom.