Zilliqa's X-Bridge got exploited for the second time in two years. Both times, the CEO's chair was empty within a few months.
Alexander Zahnd stepped down "at his own request" on Oct. 27, with the bridge still suspended and an outside firm investigating. No successor yet; the board has taken direct oversight. His predecessor left in April 2025, two months after the first X-Bridge exploit.
Zilliqa hasn't put a number on the losses. PlunderSwap, a DEX on the chain, says about $800,000 was taken from X-Bridge, and that bridged zUSDC, zUSDT, zWBTC and XCAD have lost their backing. Native ZIL, Zilliqa says, is fine.
The team is rotating every operational key. The corner office got rotated too.