The whole zillix goes two months after X-Bridge Exploit

Zilika CEO Matt Dier Stegent Down DOWN As the team focuses on delivery Zillik 2.0 after recent bridge recovery efforts.

Matt Dier deviated as the chief executive Zillary technologyThe company announced, as the project moves to a key transition to the upgrade of the Zillika 2.0 network.

In a x the post On Tuesday, the company said that during the temporary period “internal management will monitor daily operations as we progress towards migration on Zillika 2.0”. The team of Zillik did not specify the reason for the change of leadership, but he said that the “long-term leadership strategy” will share after the network transition.

“We support gratitude for his contributions and we want success in his future efforts.”

Zillika

Dier’s Ekit follows a difficult period for the company. At the beginning of February, Zillik identified critical exploitation on the X-Bridge, a bridge in a transverse chain for transfer of assets between BNB chain and Ethereum. The exploit enabled the attacker to reward me on Zils’ versions of registration currencies at Etherum and BNB chain without locking the appropriate quantity of assets on these networks.

Zillika replied by switching off the relay, pausing contracts on the token manager and the distribution of new Zeth and ZBNB contracts. While that incident did not crash ZIL (Zil) Token price immediately, it continued to contribute to His decline, and token is now over 90% of its 2021. years, according to the CRIPTO.NEVS Pages for price monitoring.

Commenting on the most recent crossing move, it remains focused on the network upgrade, adding that its “primary focus remains on a successful delivery of improved zillika 2.0 network, in alignment with our updated folders and timelines.”