Alexander Zahnd Gives Up Zilliqa CEO Role With No Successor Named as X-Bridge Stays Suspended
By Unchained
AI summary of the source article
Alexander Zahnd has stepped down as CEO of layer-1 blockchain Zilliqa with no successor named. The departure comes as the project investigates security incidents affecting its cross-chain bridge, X-Bridge, which remains suspended following an estimated $800,000 exploit.
Key facts
- Alexander Zahnd stepped down as Zilliqa CEO at his own request, leaving the board to oversee operations directly until a successor is appointed.
- Zilliqa's X-Bridge and certain ZRC2 proxy contracts were hit by security incidents, leaving the bridge suspended while operational keys are replaced.
- Decentralized exchange PlunderSwap reported that around $800,000 was stolen from X-Bridge, leading tokens including zUSDC, zUSDT, zWBTC, and XCAD to lose backing.
Source excerpt · Unchained
Zilliqa named four affected tokens and said native ZIL and its EVM network were unaffected, but it has not put a figure on losses or named a permanent CEO. The post Alexander Zahnd Gives Up Zilliqa CEO Role With No Successor Named as X-Bridge Stays Suspended appeared first on Unchained .