Zilliqa freezes ZIL transfers after partner exchange theft

Zilliqa froze ZIL transfers after tokens were stolen from a partner exchange’s cold wallet. The amount stolen and the partner’s identity remain undisclosed as investigations continue.

Zilliqa has reported a security incident involving the theft of ZIL tokens from a cold wallet managed by a partner exchange. The project clarified that the breach did not occur within Zilliqa’s own blockchain infrastructure, but rather at the partner platform responsible for asset custody. In response, Zilliqa requested all exchanges to temporarily suspend ZIL deposits and withdrawals to prevent the movement and liquidation of the stolen assets while investigations are ongoing. The specific amount stolen and the identity of the affected partner have not been disclosed. Major exchanges such as Coinone and KuCoin have paused ZIL transfers. The token’s price dropped to an all-time low following the news. Zilliqa emphasized that the incident is under investigation and urged the community to follow official channels for updates.