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Oct 28, 2026

Zilliqa CEO Alexander Zahnd steps down amid X-Bridge security incident

Zilliqa CEO Alexander Zahnd resigned with no successor named as the network's X-Bridge remains suspended following a security incident. The bridge closure affects four token pools, though the company has not disclosed total losses.

Oct 28, 2026·2 sources

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Top claims

▪Zilliqa's cross-chain bridge X-Bridge remains suspended following security incidents disclosed on October 27, 2026, with no reopening date disclosed
▪Zilliqa instructed users on October 27, 2026 to stay away from X-Bridge and its affected liquidity pools, including PlunderSwap's pools, until further notice
▪Alexander Zahnd's departure marks Zilliqa's second chief executive exit since April 2025, when previous CEO Matt Dyer stepped down following a $42,000 X-Bridge exploit in February 2025

Topics

Cryptocurrencies Layer 1s Cross-chain bridges Crypto hacks Bridge & cross-chain exploits Crypto security