ZeroStack Suffers $83M Loss as 0G Holdings Plummet by 91%

Nasdaq-listed ZeroStack is warning about its survival risk due to an $83 million loss. The company's holdings of the crypto asset 0G are now valued at 91% below their recorded costs, a near-total wipeout.

ZeroStack relied on staking rewards from 0G to fund operations, but with the asset's value plummeting, those rewards barely register against the balance sheet damage. If ZeroStack had purchased $100 million worth of 0G at cost, that position would now be worth roughly $9 million.

The company's business model has been described as being built on quicksand. The loss reflects the financial reality of holding through a collapse of this magnitude.