Zilliqa CEO Resigns Amid Ongoing Security Investigation

Chainthink

Release Time: 2026/10/28 02:56:16

ZIL

$0.001505-5.28%

Summary

On October 28, 2026, Zilliqa CEO Alexander Zahnd resigned during an investigation into a security breach. The incident affected the X-Bridge and ZRC2 proxy contracts used in liquidity pools such as PlunderSwap, impacting the tokens zUSDT, SEED, kUSD, and Zoge. Native ZIL and the Zilliqa EVM network remain unaffected. X-Bridge has been paused, and users are advised not to use it or the affected liquidity pools. Zilliqa is rotating all operational keys and collaborating with exchanges and law enforcement. A network upgrade is being planned to address the identified vulnerabilities.

ChainThink reports that on October 28, according to an official announcement, Zilliqa CEO Alexander Zahnd has resigned, and the investigation into the recent security incident is ongoing.

Certain liquidity pools using the X-Bridge and ZRC2 proxy contracts were affected, including PlunderSwap, involving the tokens zUSDT, SEED, kUSD, and Zoge;

Native ZIL and the Zilliqa EVM network remain unaffected.

X-Bridge is currently suspended. Zilliqa requests users not to use X-Bridge or the affected liquidity pools, and states that it is rotating all operational keys while collaborating with exchanges and law enforcement agencies.

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