Zilliqa CEO Steps Down as Board Takes Oversight Amid Security Probe

The simultaneity is the story: leadership turnover, board control and a shuttered bridge landing together signals a project in containment mode rather than routine transition, and the absence of any probe detail or reopening timeline leaves the market pricing uncertainty. The direct exposure sits with X-Bridge users who cannot exit in either direction and PlunderSwap liquidity providers across the affected pools, while Zilliqa's wider holder base absorbs the governance question of who is actually accountable now. Whether the board discloses the scope of the investigation, and whether the bridge resumes, is the open question.