Zilliqa Pauses ZIL Transfers Following Cold Wallet Theft

Zilliqa recently confirmed that an exchange partner suffered a security breach involving a cold wallet. The incident led to the theft of ZIL tokens from the partner. While the team has not named the specific exchange, they are actively working with security experts to investigate the situation.

To protect users and stop the stolen assets from reaching the open market, Zilliqa has asked all exchanges to temporarily pause deposits and withdrawals for ZIL. This measure is intended to prevent the thief from moving or selling the funds while the investigation proceeds.

Traders should avoid trying to move ZIL until the team provides an official update. We will continue to track this situation as the network works toward a resolution and looks to restore normal operations for the community.