Zerobase Founder Mirror Tang Clear Rumors and Adds $90M to Pool
Zerobase Founder Mirror Tang Calm User Amid Withdrawal Panic, Add $90M
Recently, Zerobase, a new crypto platform, experienced panic withdrawals due to rumors in the market about its liquidity and the depegging of the USDe stablecoin.
Zerobase founder Mirror Tang has come forward to assure users that they will be funded immediately and that the platform will not go down. This will be done to save the money of the users and to regain confidence.
Market Rumors Spark Panic
Zerobase experienced a wave of rumors in the market regarding the possibility of the platform going into liquidation on October 10-11, 2025. These rumors went viral on social media and crypto forums and caused fear among users regarding the security of their deposits. This led to panic withdrawals.
The team, in turn, responded to the problem in their official Discord community, saying that the platform was still secure and functioning. This was meant to soothe the anxieties and avoid a greater liquidity crisis.
Source: Mirror Tang X
Mirror Tang Founder Responds.
Mirror, the founder of Zerobase, was proactive and posted on X (previously Twitter), requesting investor to withdraw as soon as necessary. He wrote:
"Everybody who wants a hasty withdrawal, hasty withdraw. I will contribute money to the pool at once, at this moment!"
This action calmed down users that their money would be unavailable even after the abrupt increase in withdrawal orders. Tang assured the pool of injecting liquidity into it as a direct reaction to the panic caused by the instability in the market.
Clarification of Website Features.
The official site of Zerobase states that the platform will convert stablecoins into USDe and bet them to seize the arbitrage opportunities. Tang, however, explained that this feature has not been activated yet.
This temporary liquidity burden was not therefore associated with the abuse of the arbitrage feature, but just because of high withdrawal demand after the market volatility.
Cause of the Panic
The panic was a crypto market crash today 11 October 2025, which was enhanced by the loss of the USDe stablecoin peg. The rush by investors to pull out money in the form of the instant redemption pool temporarily drained Zerobase, resulting in a liquidity crunch. It is worth mentioning that the platform was not in a state of insolvency, and the scarcity was only temporary.
ZeroBase Resolution Efforts.
Mirror Tang has made a number of steps to tackle the situation and preserve trust:
Added Liquidity: The withdrawal pool was replenished with more than $90 million USD in various updates, which allowed users to get their funds.
Live Discussions: Tang also had a live Spaces session where he clarified the situation and responded to user questions directly.
User Advice: He recommended that the user should not make 7-day locked withdrawals, but should make instant withdrawals, which are actively replenished.
These attempts stabilized the platform and regained the confidence of the user.
Conclusion
The fact that Zerobase acted so fast in responding to withdrawal issues shows that in the crypto market, transparency and acting fast are crucial. The founder has managed to calm down panic by assuring the users, adding liquidity, and explaining the availability of features, making it safe and operational for all investors.
