Zilliqa reports ZIL stolen from partner exchange’s cold wallet

Zilliqa reports ZIL stolen from partner exchange’s cold wallet

The team said it is working with the affected parties to determine the root cause of the breach.

Zilliqa, a high-performance layer 1 blockchain built to deliver fast, low-cost transactions, on Monday announced that one of its exchange partners suffered a security breach in which ZIL tokens were stolen from a cold wallet.

According to the project, the incident is under investigation as it works alongside the relevant parties to identify the cause of the attack and determine its overall impact.

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In response, exchanges have been alerted and requested to temporarily halt ZIL deposits and withdrawals as a safeguard against the movement or liquidation of stolen assets on centralized exchanges.

The team said more details will be released once confirmed information becomes available.

ZIL fell from around $0.0028 to a low of $0.0024 before rebounding to $0.0026 by press time, marking a 7% decline over the past 24 hours, per CoinGecko.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Zilliqa reports ZIL stolen from partner exchange’s cold wallet

Zilliqa reports ZIL stolen from partner exchange’s cold wallet

The team said it is working with the affected parties to determine the root cause of the breach.

Zilliqa, a high-performance layer 1 blockchain built to deliver fast, low-cost transactions, on Monday announced that one of its exchange partners suffered a security breach in which ZIL tokens were stolen from a cold wallet.

According to the project, the incident is under investigation as it works alongside the relevant parties to identify the cause of the attack and determine its overall impact.

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In response, exchanges have been alerted and requested to temporarily halt ZIL deposits and withdrawals as a safeguard against the movement or liquidation of stolen assets on centralized exchanges.

The team said more details will be released once confirmed information becomes available.

ZIL fell from around $0.0028 to a low of $0.0024 before rebounding to $0.0026 by press time, marking a 7% decline over the past 24 hours, per CoinGecko.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.