Zilliqa The security incident investigation continues; X-Bridge is suspended,CEO resigns
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AT A GLANCE
Zilliqa said that contracts related to X-Bridge and certain liquidity pools were affected, bridge services remain suspended, and CEO has resigned.
Article
Zilliqa Update on the security incident: X-Bridge remains suspended,CEO voluntarily resigned
BlockBeats reports that October 28, the public blockchain Zilliqa published an update on the recent security incident, stating that its investigation with an external cybersecurity company is still ongoing. The official statement said that the ZRC2 proxy contracts used by X-Bridge and certain liquidity pools were affected. The affected tokens include zUSDT,SEED, kUSD, and Zoge; the native ZIL and Zilliqa EVM networks were not affected. X-Bridge remains suspended. The official statement advised users not to use X-Bridge or the relevant liquidity pools until further notice, and said that all operational keys are being rotated while it cooperates with trading platforms and law enforcement.Zilliqa also said that CEO Alexander Zahnd voluntarily resigned. The board has directly taken over, with assistance from an external advisory firm specializing in cybersecurity and governance until permanent management is formally appointed.
Original link https://m.theblockbeats.info/flash/374091
Key points
01
Zilliqa said that the investigation with an external cybersecurity company is still ongoing.
02
The official statement said that the ZRC2 proxy contracts used by X-Bridge and certain liquidity pools were affected.
03
The affected tokens include zUSDT,SEED, kUSD, and Zoge.
04
The official statement said that the native ZIL and Zilliqa EVM networks were not affected.
05
X-Bridge remains suspended, and the official statement advised users not to use X-Bridge or the relevant liquidity pools for now.
06
The official statement said that all operational keys are being rotated and that it is cooperating with trading platforms and law enforcement.
07
Zilliqa said that CEO Alexander Zahnd voluntarily resigned, and the board has directly taken over.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a report about the progress of the Zilliqa security incident. The official statement said that some contracts related to the bridge and liquidity pools were affected, so X-Bridge remains suspended; meanwhile,CEO Alexander Zahnd has left, and the board has temporarily taken over.
Why it matters to readers
X-Bridge and the relevant liquidity pools remain suspended, so users cannot temporarily use these services as advised by the official statement; the investigation, key rotation, and management transition are still ongoing.
If you hold or use zUSDT,SEED, kUSD, or Zoge, or use the Zilliqa X-Bridge and relevant liquidity pools, you should monitor subsequent official notices. The original text stated that the native ZIL and Zilliqa EVM networks were not affected.
Risks and unknowns
The evidence does not provide the investigation's conclusions.
The evidence does not specify the amount of funds affected.
The evidence does not specify when the contracts will be repaired or when X-Bridge will resume.
The report was relayed by a professional media outlet and did not include the original Zilliqa official announcement.
Related Developments
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Related concepts
X-Bridge: A bridging service used to transfer assets across networks.
This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →Liquidity pool: A pool that provides funds for trading or asset exchange.
This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →Proxy contract: The type of ZRC2 related contract mentioned in the original text.
This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →Operational keys: Keys used to control project operations.
This term is not in the glossary yet. Browse related concepts in the glossary.
