News
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Zilliqa's Seven-Year Key Leak Puts Its Upbit Listing at Risk
A seven‑year‑old private key for Zilliqa was leaked, prompting Upbit to place ZIL under formal caution through late August and warn that the token could be delisted if the issue is not resolved.
Published:
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What happened
A seven‑year‑old private key for Zilliqa was leaked, prompting Upbit to place ZIL under formal caution through late August and warn that the token could be delisted if the issue is not resolved.
Confirmed
Global impact / market context
If Upbit removes ZIL, a major trading venue, the token will lose a key distribution channel, reducing its liquidity – the ease of buying or selling without large price changes – which can lower its price and hurt investors.
Confirmed
Upbit, a leading cryptocurrency exchange, has placed Zilliqa’s token (ZIL) under formal caution that will stay in effect until the end of August, indicating heightened scrutiny of ZIL on an important trading platform.
Confirmed
What to watch
- Whether Zilliqa can recover the leaked key or replace it, which would determine if Upbit lifts the caution and keeps the token listed on the exchange. Analyst inference
- Potential reactions from other exchanges that may follow Upbit’s lead, which could affect ZIL’s overall market availability, trading volume, and investor access across platforms. Analyst inference
- Regulatory scrutiny or legal actions arising from the leak, which could increase compliance costs for Zilliqa and influence investor confidence in the token. Analyst inference
Affected assets
- ZIL — Zilliqa