According to ME News, on October 28 (UTC+8), Zilliqa issued an update regarding the recent security incident, stating that its investigation in collaboration with an external cybersecurity firm is ongoing, and shared currently disclosable information. The X-Bridge and ZRC2 proxy contracts used by certain liquidity pools, including PlunderSwap, were affected, with impacted tokens being zUSDT, SEED, kUSD, and Zoge; the native ZIL and Zilliqa EVM networks were unaffected. X-Bridge remains suspended, and Zilliqa advises users not to use X-Bridge or the affected liquidity pools. Zilliqa is rotating all operational keys and cooperating with exchanges and law enforcement agencies.
Company CEO Alexander Zahnd has voluntarily stepped down from his position as CEO. Until a permanent successor is appointed, the board has assumed direct oversight and is being supported by an external consulting firm specializing in cybersecurity and governance. (Source: Foresight News)
Zilliqa Updates on Security Incident: Some Cross-Chain Assets Affected, CEO Resigns
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Summary
Zilliqa has provided an update on a recent blockchain security incident, revealing that certain cross-chain bridges, including X-Bridge, remain paused. Liquidity pools utilizing ZRC2 proxy contracts, such as PlunderSwap, have been affected, impacting tokens including zUSDT, SEED, kUSD, and Zoge. Native ZIL and the EVM network remain secure. Zilliqa is rotating operational keys and collaborating with exchanges and law enforcement. CEO Alexander Zahnd has stepped down, with the board now overseeing operations until a replacement is appointed, supported by a cybersecurity and governance firm.
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