Zilliqa (ZIL) Faces Delisting Risk on Upbit After Critical Wallet Flaw Emerges

Zilliqa (ZIL) Faces Delisting Risk on Upbit After Critical Wallet Flaw Emerges

Source: UToday

Published:13:15 UTC

BTC Price:$65642.5

#zil #delisting #cryptosecurity

Analysis

Price Impact

High

A delisting from a major exchange like upbit poses a significant threat to zilliqa's liquidity and accessibility, potentially leading to a sharp price decline.

Trustworthiness

High

Price Direction

Bearish

The critical wallet flaw and the potential delisting from upbit create strong negative sentiment and uncertainty, likely driving the price down as investors sell off.

Time Effect

Short

The immediate concern is the potential delisting and the market's reaction to the news. if zilliqa can swiftly resolve the issue, the long-term impact might be mitigated, but the short-term price action will likely be negative.

Original Article:

Article Content:

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Major South Korean cryptocurrency exchange Upbit has flagged Zilliqa (ZIL) as a cautionary asset following the discovery of a critical vulnerability in its Ledger application. Advertisement According to Wu Blockchain , Upbit has placed ZIL under cautionary asset status, raising concerns over the token's future trading support on the crypto exchange, with the possibility of delisting it if the security issue isn't resolved. Zilliqa Ledger App Flaw Exposes Private Keys, Upbit Flags ZIL as a Cautionary Asset Zilliqa disclosed a critical nonce-generation flaw in its Ledger app that allows private keys to be recovered from public signatures after about five native transactions. The issue affected all… pic.twitter.com/uMfV9ZbepR — Wu Blockchain (@WuBlockchain) July 22, 2026 Earlier today, July 22, Zilliqa disclosed a critical nonce-generation flaw in its Ledger app that allows private keys to be recovered from public signatures after about five native transactions. Advertisement The issue affects all versions released from 2019 to 2026, with active exploitation observed on July 19. Native Zilliqa transactions have been suspended, with affected keys set to be retired, while EVM transactions are unaffected. HOT Stories XRP, Cardano (ADA), Stellar (XLM) and Bitcoin (BTC) Price Analysis for July 22: Bulls Are Waking Up Telegram's Durov Teases Largest Non-Custodial Crypto Wallet Launch You Might Also Like Fri, 02/10/2023 - 14:58 Millions of Zilliqa (ZIL) Tokens Bought by Biggest BNB Whale Ahead of This Release By Tomiwabold Olajide Upbit subsequently designated ZIL as a cautionary asset across its KRW and BTC markets. ZIL deposits and withdrawals remain suspended, and trading support may be terminated if the issue is not resolved. Advertisement What happened? On July 22, Zilliqa announced the discovery of a nonce-generation vulnerability in its Ledger app in an X post. You Might Also Like Thu, 05/05/2022 - 09:35 Zilliqa (ZIL) Spiked by 40%, Showing Dominance on Market: Here's Why By Arman Shirinyan A critical vulnerability was identified in the Zilliqa Ledger application affecting the generation of Schnorr signatures for native (non-EVM) Zilliqa transactions. The vulnerability causes signatures to be generated with predictably weakened ephemeral nonces, from which an attacker can recover the signer's private key using only publicly available on-chain data. The Zilliqa team noted that protective measures are already in place to prevent further loss, and a coordinated remediation plan is being finalized. The vulnerability affects private keys used to sign native Zilliqa transactions with a Ledger device, and any account that has broadcast about five or more native transactions signed through the Zilliqa Ledger app should be considered compromised. This is because their private keys can be reconstructed from signatures already recorded on-chain, regardless of any subsequent software update. The issue is, however, confined to the Ledger app's native signing path, with EVM transactions unaffected. #Zilliqa News #Upbit