What happened
Binance has moved to support ZIL on Zilliqa's EVM-compatible network, according to a Crypto. News report published Wednesday at 09:38 UTC. The exchange, the deepest spot venue for the token, said deposits and withdrawals will route through the new EVM rails as Zilliqa retires its legacy mainnet.
The retirement follows a security incident on the original chain that, per the same report, exposed thousands of accounts and forced the project's hand on the timeline. Binance's notice frames the change as a straight migration rather than a token swap, with ZIL retaining its ticker on the new network. The exchange did not, in the material cited, publish a hard deposit-suspension date for the legacy chain, but confirmed that support for the EVM version is live.
Why it matters
Binance is the price-setting venue for ZIL. When it backs a chain migration, the rest of the exchange stack tends to follow within days, and market makers adjust quoting to the new rails. That matters more when the migration is forced by a breach rather than a scheduled upgrade.
Holders on legacy addresses are on a clock, and the clock isn't set by the project alone anymore. It's set by whichever exchange first walks away from legacy deposits. The headline reads as cleanup.
The mechanics read as a hard cutover for anyone who has ignored the migration notices so far.