ILITY Pauses Crosschain Bridge After 4.1 Million ILY Tokens Drained

ILITY Network said on October 19 that a security vulnerability hit its network and its crosschain bridge is paused while the team works with law enforcement and forensic experts. Analyst Specter reported a wallet moved 35,700 ZEC worth about 41 million dollars via NEAR Intents into Bitcoin and Ethereum. The suspected theft address links to the ILITY bridge where 4.1 million ILY tokens were emptied.