Zilliqa asks exchanges to pause ZIL transfers after suspected cold wallet theft
CoinTelegraph·
60-second summary
Zilliqa requests exchanges to pause ZIL transfers due to suspected cold wallet theft, with exchange partners already halting deposits and withdrawals. The compromised wallet's contents remain undisclosed. This security breach may impact ZIL's price stability and investor confidence, as market participants closely monitor the situation, potentially leading to a short-term price correction or volatility in the cryptocurrency market.
Zilliqa said exchanges paused ZIL deposits and withdrawals after an exchange partner’s cold wallet was compromised, with the amount stolen still undisclosed.