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Zilliqa CEO exits as board takes over amid security probe; X-Bridge shut

Zilliqa CEO exits as board takes over amid security probe; X-Bridge shut
AI summary

Zilliqa's CEO has stepped down and the board has taken over oversight while a security probe is underway. The X-Bridge is closed in both directions, and PlunderSwap has reported losses across four token pools. Traders holding ZIL face leadership uncertainty alongside halted cross-chain flows and DeFi losses, which weighs on confidence in the network.

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