ILITY Network confirms security breach, halts cross-chain bridge
- —ILITY halted its bridge and is investigating with law enforcement and crypto forensics experts
- —Specter traced about 35,700 ZEC (~$41 million) moved out of a privacy pool
- —The funds were routed via NEAR Intents to Bitcoin and Ethereum addresses
- —Roughly 4.1 million ILY tokens left the bridge, according to the analyst
Why it matters: Another bridge exploit erodes trust in cross-chain infrastructure, and the ZEC link may sharpen regulatory scrutiny of privacy coins.
Source: PANews