Zilliqa CEO Alexander Zahnd has stepped down as the company faces a security investigation into its X-Bridge cross-chain infrastructure. The board has assumed oversight during the probe, while X-Bridge remains paused in both directions to mitigate further risks.
Security firm PlunderSwap estimates that approximately $800,000 was stolen from the X-Bridge protocol during the exploit. The shutdown affects all bridge transfers until the vulnerability is fully assessed and resolved.
Zilliqa CEO Alexander Zahnd Steps Down Amid X-Bridge Security Probe and $800K Exploit
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