SEED has wound down: reimbursements have been sent
On October 22, 2026, several PlunderSwap pools holding SEED and other Zilliqa tokens were exploited. The exploit took place entirely at the Zilliqa network level, not in the SEED or PlunderSwap smart contracts. It drained most of SEED’s real liquidity and pushed its price down roughly 98%.
The Zilliqa team confirmed it would not fix or restore the SEED token, its ZRC-2 contract, or any SEED pools or positions, and SEED (among other ZRC-2 proxy tokens) is locked at block 39,242,024. As SEED could not continue in a way that’s fair to its holders, we wound the project down and reimbursed registered holders.
Reimbursements have been distributed
Registration closed on November 13, 2026, and USDC has been sent to every registered holder’s chosen Arbitrum One address. You can check the distribution transaction details on claim.kalijo.io.
- Total USDC pool
- 35,535.69 USDC
- USDC per SEED
- 0.00645
- Snapshot
- Block 38,738,522 (October 22, 2026, 21:57 UTC)
- Registration window (closed)
- October 30 to November 13, 2026
Payouts were made in native USDC on Arbitrum One, not zUSDC. To transfer or sell your USDC, you’ll need a small amount of ETH on Arbitrum One to cover gas.
Holders who didn’t register by November 13, 2026 will not be reimbursed. Registration will not reopen.
Thank you
To everyone who believed in SEED: thank you. Whether you held from the early days, staked, provided liquidity, or simply showed up in our Telegram to ask questions and cheer us on, you made SEED what it was. We built it for this community, and your trust meant more to us than we can put into words.
We are truly sad that it has ended this way. SEED wasn’t lost through anything you did, but to an exploit in the network beneath it, and that is a hard thing to accept after everything we built together. We wish the ending had been different.
Getting as much as we could back to you was the last and most important thing we could do. Thank you for your patience through the wind-down, and for sticking with us to the very end.
With gratitude, the Kalijo team
Beware of scams
The reimbursement is complete. There is no second round, late registration or additional payout, so anyone offering one is a scammer. We will never DM you first, ask for your seed phrase or private keys, or ask you to send tokens or pay a fee. The only official claim site is https://claim.kalijo.io/. Official updates come only through our X account (@Kalijo_Zil) and Telegram (t.me/KalijoSEED).
Technical details
Because the vulnerability lies in the Zilliqa network itself, the Zilliqa team is the right source for any technical explanation of how the exploit worked. Please direct technical questions to Zilliqa.
FAQ
Where can I see my payout?
The distribution transaction details are on claim.kalijo.io. Your USDC was sent to the Arbitrum One address you registered.
How much did I get?
0.00645 USDC per SEED your address held at the pre-exploit snapshot, paid from a total pool of 35,535.69 USDC.
I registered but can’t see my USDC. What should I check?
Make sure your wallet is on Arbitrum One and showing native USDC, not zUSDC or bridged USDC.e, and that you’re looking at the Arbitrum address you registered, which may differ from your Zilliqa address. You can confirm the transaction on claim.kalijo.io.
I missed the registration deadline. Can I still claim?
No. Registration closed on November 13, 2026 and will not reopen. Anyone offering you a late claim is a scammer.
Do I need ETH on Arbitrum?
Only to move your USDC. To transfer or sell it, you’ll need a small amount of ETH on Arbitrum One to cover gas.
Will Zilliqa restore SEED or the SEED pools?
No. The Zilliqa team has confirmed it will not fix or restore the SEED token, its ZRC-2 contract, or any SEED pools or positions.
What about the other token in my liquidity position?
Only the SEED portion of your position at the snapshot was covered. The other token in the pair is not covered by this reimbursement, so please contact the Zilliqa team about it.
Was PlunderSwap hacked?
No. The exploit took place entirely at the Zilliqa network level, not in PlunderSwap’s or SEED’s contracts.
Why couldn’t SEED or the pools just be restored?
Only a chain rollback would fully undo the exploit, and Zilliqa has confirmed this is not the direction they are taking. Refilling the restored pools from the Zilliqa treasury was ruled out because the stolen tokens could drain them again. Restoring SEED balances was also ruled out because it would mean clawing tokens back from users and leave the on-chain record permanently wrong. Winding SEED down and reimbursing holders was the fairest path left.