Zilliqa CEO Alexander Zahnd Resigns as Investigation into Security Incident Continues

Zilliqa has updated the progress of the security incident, stating that the investigation with an external cybersecurity firm is ongoing. Some liquidity pools using the X-Bridge and ZRC2 proxy contracts have been affected, involving tokens such as zUSDT, SEED, kUSD, and Zoge; however, the native ZIL and Zilliqa EVM network remain unaffected. The X-Bridge has been suspended, and Zilliqa has urged users not to use the X-Bridge or the affected liquidity pools. Zilliqa is rotating all operational keys and collaborating with exchanges and law enforcement. CEO Alexander Zahnd has resigned voluntarily, and the board has taken over supervision, supported by an external consulting firm focused on cybersecurity and governance, until a permanent leadership team is appointed. Zilliqa emphasizes that the current focus is on the safety of user funds and full transparency, and will share the latest business developments with strategic partners Ltin Li and Telegram Liechtenstein.

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