Zilliqah ($ZIL), one of the most popular altcoins during the previous bull run, announced that one of its exchange partners suffered a security breach and $ZIL Assets held in a cold wallet have been stolen.
Layer 1 blockchain has reported that a security incident involving $ZIL and his exchange partner led to the theft of $ZIL from a cold wallet, and that the investigation is ongoing.
With this announcement, the $ZIL The team has requested that all trading be temporarily suspended $ZIL deposit and withdrawal transactions to prevent further damage and stop the movement of stolen funds through exchanges.
The company has not yet publicly disclosed the name of the exchange affected by the security breach or the amount of $ZIL stolen. The team said the investigation was ongoing and was actively investigating the incident and coordinating with relevant parties to determine the cause and extent of the security breach.
Zilliqa said it would provide further updates as verified information becomes available and advised users to rely only on Zilliqa’s official channels for relevant information.
Previously, South Korean exchange Bithumb also temporarily suspended $ZIL deposits and withdrawals due to suspected security issues.
Even if the price of $ZIL fell after the incident, he later recovered.
*This does not constitute investment advice.