Binance will migrate ZIL held on its platform from the legacy Zilliqa network to Zilliqa EVM at a 1:1 ratio, taking responsibility for 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. The vulnerability did not affect Zilliqa EVM transactions, and the Ledger recovery phrase was not exposed. Exchange users are being migrated through protocol-level balance reassignment, while self-custody holders will use a separate zero-knowledge proof system to move funds without disclosing seed phrases or private keys. Zilliqa says stolen balances are being handled separately through asset tracing, law-enforcement cooperation and a proposed governance vote that could include new token issuance for affected holders. The incident accelerated a previously considered plan to make Zilliqa EVM the network’s sole production environment.