Zilliqa Pauses ZIL Deposits After Wallet Security Breach

The Zilliqa team confirmed that a cold wallet belonging to one of their partners was recently compromised. As a safety precaution, they have contacted major cryptocurrency exchanges to temporarily disable ZIL deposits and withdrawals while they assess the situation.

The project has not yet revealed the specific number of tokens taken during the security incident. Security experts are currently working to trace the funds and secure any remaining assets.

This incident serves as a reminder to monitor your accounts and official project updates closely. Traders should wait for a formal green light from the Zilliqa team before attempting to move their ZIL holdings again. We will provide updates as more details become available regarding the status of the network.