Written by Helen Partzstaff writerReviewed by Yohan Yunstaff editor

Written by Helen Partzstaff writer

Reviewed by Yohan Yunstaff editor

Zilliqa asks exchanges to pause ZIL transfers after suspected cold wallet theft

Latest NewsPublishedJul 20, 2026

Zilliqa stated exchanges paused ZIL deposits and withdrawals after an exchange partner’s cold wallet was compromised, with the amount stolen still undisclosed.

Zilliqa, a layer-1 blockchain network, stated it is investigating a security incident involving an exchange partner after ZIL was stolen from a cold wallet.

In an X post on Monday, Zilliqa stated it had asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution while it investigates the incident.

Zilliqa did not disclose the amount of ZIL stolen, identify the affected exchange partner or explain the possible cause of the incident. “We understand the community will have questions. We will share further updates as soon as we have verified information,” it stated.

Zilliqa was introduced in 2017 as a blockchain designed around sharding, a technology that splits transaction processing across multiple groups of nodes to improve scalability. The project was co-founded by researchers Amrit Kumar and Xinshu Dong, with the network’s mainnet going live in January 2019.

Zilliqa’s native token, ZIL, is used for transaction fees and smart contracts on the network. as reported by CoinGecko, ZIL was trading at around $0.0025 at the time of writing, down 7.1% over the past 24 hours.

Related: Crypto institutions look beyond audits as trust signals falter: Hacken

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Wallet
• Zilliqa
• Security
• Industry

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