🚨 X-Bridge Security Incident - Update

We are actively investigating the recent security incident affecting zETH and zBSC tokens on X-Bridge and subsequently impacting the ZIL/zETH pool on ZilSwap. At this stage, our team is working on a recovery plan to mitigate the impact on token holders and ZilSwap users.

We want to assure the community that any measures implemented to address this exploit will honour existing bridged token contracts and prioritise reimbursement for those who provided liquidity to the ZIL/zETH pool on ZilSwap.

As a precautionary measure, we strongly advise against swapping zETH on ZilSwap and urge all users to withdraw their liquidity from the ZIL/zETH pool immediately. X-Bridge operations remain suspended until further notice.

We are contacting police and relevant authorities to this matter. If the perpetrator chooses to return the funds in the next 48 hours, we will drop this investigation and award them 5% of the returned funds as a bounty payment.

Any independent party who helps us to identify and recover the funds lost due to this exploit will be awarded a bounty of 10% of funds recovered.

We appreciate your patience and vigilance. A detailed post-mortem report will be shared once our investigation is complete.