#Zilliqa legacy network retirement
Binance now supports ZIL deposits and withdrawals on the Zilliqa EVM network, and $ZIL on the legacy mainnet will be migrated 1:1, with the exchange handling the process. The reason is that a Ledger app flaw exposed 6,772 accounts, and at least 683.13 million ZIL were stolen, leading the project to retire the legacy transaction system. For those holding on Binance, this is more convenient; for self-custody users, it is another ZKP migration process. Verdict: once old-chain addresses have completed mapping, deposits and withdrawals on the legacy network will not resume.
$ARB $ZEC
Binance now supports ZIL deposits and withdrawals on the Zilliqa EVM network, and $ZIL on the legacy mainnet will be migrated 1:1, with the exchange handling the process. The reason is that a Ledger app flaw exposed 6,772 accounts, and at least 683.13 million ZIL were stolen, leading the project to retire the legacy transaction system. For those holding on Binance, this is more convenient; for self-custody users, it is another ZKP migration process. Verdict: once old-chain addresses have completed mapping, deposits and withdrawals on the legacy network will not resume.
$ARB $ZEC