Zilliqa asks exchanges to pause ZIL transfers after suspected cold wallet theft

Zilliqa said exchanges paused ZIL deposits and withdrawals after an exchange partner’s cold wallet was compromised, with the amount stolen still undisclosed.

Zilliqa, a layer-1 blockchain network, said it is investigating a security incident involving an exchange partner after ZIL was stolen from a cold wallet.

In an X post on Monday, Zilliqa said it had asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution while it investigates the incident.

Zilliqa did not disclose the amount of ZIL stolen, identify the affected exchange partner or explain the possible cause of the incident. “We understand the community will have questions. We will share further updates as soon as we have verified information,” it said.

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