Coinfomania Zilliqa Reports Theft of ZIL from Cold Wallet of Exchange Partner
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- •Zilliqa confirmed theft of ZIL from a cold wallet of a centralized exchange partner.
- •Investigation is ongoing, with Zilliqa working with relevant parties to assess the impact.
- •Centralized exchanges have been advised to suspend ZIL transactions to prevent further losses.
Zilliqa confirmed a security incident on July 20, 2026, involving the theft of ZIL assets from a cold wallet belonging to a centralized exchange partner. The incident is under investigation, with Zilliqa collaborating with relevant parties to assess the situation. As a precaution, Zilliqa has advised all centralized exchanges to temporarily halt ZIL deposits and withdrawals to prevent further loss. The extent of the stolen assets has not been disclosed, but the incident raises concerns about the security of third-party wallets in the crypto ecosystem. Zilliqa's trading activity has shown signs of caution among investors, reflecting heightened security concerns in the market. The company plans to release further updates after verification of the incident. The situation emphasizes the need for improved security protocols across cryptocurrency exchanges.
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