Binance shifts ZIL deposits and withdrawals to Zilliqa EVM

  • Binance will migrate customer ZIL from legacy Zilliqa addresses to Zilliqa EVM at a 1:1 ratio.
  • A Ledger flaw exposed 6,772 accounts and enabled the theft of at least 683.13 million ZIL across 66 transactions.
  • Binance suspended legacy-network deposits and withdrawals on Aug. 5 at 01:00 UTC, while trading and Earn products remain available.

Binance will migrate ZIL held on its platform from the legacy Zilliqa network to Zilliqa EVM at a 1:1 ratio and will handle the technical process. Legacy-network deposits and withdrawals have been suspended since Aug. 5 at 01:00 UTC, while ZIL spot, margin, futures and Binance Earn products remain available. After the migration, Binance will process deposits and withdrawals through Zilliqa EVM and will no longer support the old network, without issuing a separate announcement when the new services open. Zilliqa is retiring its legacy Schnorr-based transaction system after a flaw in its Ledger application weakened nonce generation, exposing 6,772 accounts and enabling the theft of at least 683.13 million ZIL across 66 transactions. The project said 51 accounts were drained and described those figures as minimum confirmed totals. Zilliqa EVM transactions and Ledger recovery phrases were not affected. PANews reported the Binance support announcement on September 23.

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