ILITY Network pauses cross-chain bridge after security incident

Privacy-focused Layer 1 blockchain project ILITY announced a security incident on its network and temporarily paused its ILITY cross-chain bridge. The team is working with law enforcement, cryptography forensics experts and investors to investigate, and will publish updates once more information is available. ILITY has raised about $3 million, with investors including Animoca Brands and DuckDAO.

Detected & updated continuously · Source: Nebula