Zilliqa2026-10-28 23:05:00Alexander Zahnd Steps Down as Zilliqa CEO While X-Bridge Remains SuspendedZilliqa said Alexander Zahnd has stepped down as CEO at his own request, marking the project’s second chief executive change since April 2025. The company said its board will oversee operations directly until a permanent leader is appointed, with support from an unnamed outside firm advising on cybersecurity and governance. No successor has been named. The leadership change comes as Zilliqa continues to investigate security incidents affecting X-Bridge, its cross-chain bridge, and ZRC2 proxy contracts used by some liquidity pools, including those tied to PlunderSwap. Zilliqa identified four affected tokens — zUSDT, SEED, kUSD, and Zoge — while saying native ZIL and the Zilliqa EVM network were not impacted. The bridge remains suspended, and users were told to avoid it and the affected pools until further notice. Separately, PlunderSwap said about $800,000 was stolen from X-Bridge and that bridged assets including zUSDC, zUSDT, zWBTC, and XCAD had lost their backing. Zilliqa has not disclosed the total loss or said when the bridge will reopen.60
Zilliqa2026-10-28 07:37:00Zilliqa CEO steps down as board takes over during security probeZilliqa has made a leadership change while a security investigation is underway, according to TheDefiant. The company’s CEO has stepped down, and the board has taken over oversight during the probe. At the same time, X-Bridge has been shut in both directions, while PlunderSwap reported losses across four token pools. The available report does not provide additional details on the scope of the investigation or the size of the losses, but it points to a broader response tied to the incident. The developments place governance changes, bridge restrictions, and protocol losses at the center of the latest update.50
Zilliqa2026-10-28 03:50:12Zilliqa says some cross-chain assets were affected in security incident, CEO steps downZilliqa has issued an update on its recent security incident, saying an investigation with an external cybersecurity firm is still underway and outlining what it can disclose at this stage. The company said some X-Bridge and ZRC2 proxy contracts used by liquidity pools were affected, including those tied to PlunderSwap. Tokens named in the update were zUSDT, SEED, kUSD and Zoge. Zilliqa added that native ZIL and the Zilliqa EVM network were not affected. X-Bridge remains suspended, and users have been told not to use the bridge or the impacted liquidity pools. The company also said it is rotating all operational keys and working with exchanges and law enforcement. Separately, CEO Alexander Zahnd has voluntarily resigned. Until a formal leader is appointed, Zilliqa’s board has taken direct oversight, with support from an external advisory firm focused on cybersecurity and governance.80
