Zilliqa: Cross-Chain Bridge and Proxy Contract Compromised, CEO Resigns

TechFlow reported on October 28 that Zilliqa said the investigation into the recent security incident is still ongoing. Affected components include X-Bridge and the ZRC2 proxy contracts used by certain liquidity pools, involving tokens such as zUSDT, SEED, kUSD, and Zoge. Zilliqa emphasized that native ZIL and the Zilliqa EVM network remain unaffected. X-Bridge will remain paused, and users should refrain from using the cross-chain bridge and affected liquidity pools for the time being. The team is rotating all operational keys and cooperating with exchanges and law enforcement agencies. In addition, Alexander Zahnd has voluntarily resigned as CEO; the board of directors will directly oversee operations on an interim basis until a new leader is appointed.

Source: TechFlow