Zilliqa disclosed a security incident in which an undisclosed amount of its native ZIL tokens was stolen from a partner exchange's cold wallet. The blockchain platform said the breach affected a wallet that was supposed to be offline, raising questions about the exchange's security protocols.
What happened
According to a brief statement from Zilliqa, the theft occurred on a cold wallet belonging to a partner exchange. Cold wallets are typically kept disconnected from the internet to prevent remote hacking, making the incident unusual. Zilliqa did not name the exchange or specify how many tokens were taken.
Cold wallet thefts are rare because the private keys are stored offline. If an attacker managed to drain such a wallet, it suggests either a physical breach, an insider threat, or a sophisticated attack on the wallet's creation or signing process. The incident could shake confidence in the exchange's custody practices.
Response so far
Zilliqa said it is working with the affected exchange to investigate the breach. The company has not announced any plans to halt or reverse transactions on its network. No further details have been released about the timeline or the total value of the stolen tokens.
The exchange has not yet commented publicly. Users holding ZIL on that platform are advised to monitor official channels for updates.
