Zilliqa Confirms Cold-Wallet Theft, Pauses ZIL Transfers

The Zilliqa blockchain network confirmed on Monday, July 20, 2026, that an unspecified amount of its native ZIL tokens was stolen from a cold wallet belonging to one of its exchange partners. The network has requested that cryptocurrency exchanges temporarily suspend ZIL deposits and withdrawals as a precaution while an investigation into the security breach is conducted.

In an announcement via its official social media account, Zilliqa stated it was made aware of the incident and is working with the relevant parties to establish the root cause and full scope. The company did not disclose the identity of the affected exchange partner, the exact amount stolen, or the method used to compromise the wallet, which is designed to keep assets offline and secure from digital threats. Alexander Zahnd, CEO of Zilliqa, urged calm and promised a full report once the investigation concludes.

In response to the request, at least two major exchanges confirmed the suspension of ZIL transfers. South Korea's Coinone stated that while trading would continue normally, deposits and withdrawals would remain paused until the security incident is stabilized. KuCoin described its suspension as an...