Zilliqa Requests Exchange Pause Following Wallet Security Breach

The Zilliqa team alerted users that exchange partners have suspended ZIL deposits and withdrawals. This move follows a security breach affecting a cold wallet used by an unnamed exchange partner. Officials are working to secure the network and assess the situation while transfers remain offline.

The total value of the stolen assets has not been publicly disclosed. Zilliqa developers are actively working with the impacted exchange to identify the scope of the loss. The team stated that the core Zilliqa network remains safe and functional during this process.

Traders should monitor official Zilliqa social channels for updates on when transfers will resume. Until exchanges clear the situation, moving ZIL on or off trading platforms is not possible. Security incidents like this serve as a reminder for users to keep their assets in personal noncustodial wallets whenever possible.