The Zilliqa Foundation has announced it is investigating reports of a security incident involving a partner exchange's cold wallet, which resulted in the theft of ZIL tokens. According to media reports such as Cointelegraph, the Foundation has urgently requested major global exchanges to temporarily suspend ZIL deposits and withdrawals as a proactive safety measure.

The specific exchange affected and the exact scale of the theft have not been officially disclosed. Since cold wallets are designed to keep assets securely offline, a security breach of this nature is quite unusual, causing growing concern within the community.

If you are holding ZIL on an exchange or in a private wallet, you should closely monitor your exchange's notices regarding deposit/withdrawal restrictions as well as any further updates from official Zilliqa channels. We will continue to track whether this fund leakage is due to mismanagement by a partner firm or linked to further system vulnerabilities.

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