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Binance shifts Zilliqa (ZIL) deposits and withdrawals to EVM network after security breach on legacy system.

Protocol Fundamentals
23 Sep 2026
Crypto news
View Source
Neutral
Binance shifts Zilliqa (ZIL) deposits and withdrawals to EVM network after security breach on legacy system.

Binance is migrating Zilliqa (ZIL) deposits and withdrawals from the legacy Schnorr-based network to the Zilliqa EVM network at a 1:1 ratio following a major security flaw in the legacy system that exposed thousands of accounts and led to the theft of over 683 million ZIL tokens. The legacy transaction system was vulnerable due to a flaw in the Zilliqa Ledger app that compromised private keys by generating weak signatures. Binance will handle the migration process for its users, suspending legacy network deposits and withdrawals while keeping trading unaffected. Zilliqa is also providing a zero knowledge proof migration tool for self-custody holders to securely move their balances to the EVM network. This move finalizes Zilliqa's transition to the more secure EVM environment as its sole production network, aiming to prevent further security risks from the legacy system.

Binance Coin (BNB) has a market cap of Rp1.865,64 trillion and a 24-hour trading volume of Rp31,28 trillion on Pluang as of September 23, 2026, 16:51 WIB. Despite the security issues with Zilliqa's legacy network, BNB's price on Pluang is Rp13.950.000 with a slight 1-day decline of 0.77%. The platform shows a strong buy interest with 70% of orders favoring purchases and a typical hold time of 88 days, indicating sustained investor confidence in Binance's ecosystem during this transition.

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