A security crisis broke out in the forgotten altcoin! All exchanges are required to "suspend tradin

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A security crisis broke out in the forgotten altcoin! All exchanges are required to "suspend tradin

2026-07-21 00:03:34

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Zilliqa (ZIL) suffered a security incident and cold wallet assets were stolen.

Zilliqa (ZIL), one of the high-profile altcoins in the last bull market, recently announced that one of its exchange partners suffered a security breach, resulting in the theft of ZIL assets stored in cold wallets.

The first-level blockchain project stated that the security incident involved ZIL and its exchange partners, resulting in the theft of ZIL in cold wallets, and the relevant investigation is still in progress.

In the announcement, the ZIL team requested all exchanges to temporarily suspend ZIL's recharge and withdrawal transactions to prevent further losses and prevent stolen funds from being transferred through the exchanges.

As of now, Zilliqa has not publicly disclosed the name of the exchange affected by this security breach, nor has it disclosed the specific number of stolen ZILs. The team said that the investigation is actively advancing. They are actively investigating the incident and coordinating with relevant parties to determine the cause and scope of the security breach.

Zilliqa said it will provide further updates after receiving verified news and recommends that users only obtain relevant information through Zilliqa's official channels.

Previously, South Korean exchange Bithumb also suspended ZIL's recharge and withdrawal services due to suspected security issues.

Although ZIL prices fell briefly after the incident, they have since recovered.

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