Zilliqa's CEX Partner Suffers Cold Wallet Security Breach, Loses ZIL on July 20

According to BlockBeats, Zilliqa announced on July 20 that one of its CEX partners experienced a security incident resulting in the theft of ZIL tokens from a cold wallet. The investigation is ongoing as the team works with relevant parties to determine the root cause and scope of impact.

As a precautionary measure, Zilliqa has instructed all CEX partners to temporarily suspend ZIL deposits and withdrawals to prevent stolen funds from being transferred or sold through centralized platforms. The project stated it will provide further updates after verifying information and urged the community to follow only official channels for updates.