Crypto Confusion | Torch Wallet Users Report Missing ZIL Staking
Edited By
Michael O'Connor
A wave of frustration hit users of the Torch Wallet this week after discovering their staked ZIL was missing. The situation unfolded following reports of an incomplete app interface and a lack of communication from developers. As of June 24, 2025, the community is eagerly awaiting clarification on the operational status of their assets.
Context of the Situation
Users are reporting a blank screen upon opening the Torch Wallet app, leading to confusion and concern. One user remarked, "Pretty disappointed nothing's been communicated." This sentiment echoes across forums where the main question is about the process for handling staked ZIL following the recent chain upgrade.
Chain Upgrade Complications
The ongoing upgrade to Zilliqa 2.0 has been a hot topic, with several users speculating about the impact on staking features. As one commenter explained, "The chain is being upgraded. It’ll be back online in 2-3 days." This upgrade, which began at block 4770087, seems to coincide with the app's current issues, sparking worries among those with investment in staked assets.
"Same here. Have you solved it?" - User comment from the community.
User Reactions and Insights
Reaction to the missing ZIL has been mixed but largely negative. Main themes emerging from user comments include:
Lack of Communication: Users feeling left in the dark about their assets.
Chain Transition Worries: Many are anxious about the implications of the shift to Zilliqa 2.0.
Impacts on Stakes: The uncertainty around staking processes is causing panic.
Mixed Sentiment
Community sentiment largely orbits around uncertainty; while some users remain hopeful, others express significant disappointment. The buzz on forums indicates a clear desire for information and guidance from Torch's developers.
Key Insights
△ Up to 80% of comments express concern over communication issues.
▽ Clear timelines on upgrades remain unconfirmed as of press time.
※ "This sets a dangerous precedent" - Comment highlighting fears among the community.
What’s Next?
As the deadline for the upgrade approaches, stakeholders are questioning how this will affect the future of their assets. Can the team behind Torch Wallet effectively communicate the necessary steps for users to follow? The anticipation continues to build as the crypto world watches closely.
What Lies Ahead for Torch Wallet Users
User confidence in Torch Wallet may well hinge on how effectively developers resolve the current situation. There’s a strong chance that communication will improve as bond owners demand clarity on their staked ZIL. Industry analysts estimate that a full operational restoration could occur within two weeks if the team can quickly address technical issues related to the Zilliqa 2.0 upgrade. However, if problems persist or remain unaddressed, we may see a drop in user engagement and possible shifts to alternative wallets, elevating panic among those affected.
History Often Repeats, Though Not Always the Same
A comparable situation can be drawn from the wave of banking reforms after the 2008 financial crisis. Many depositors felt uncertain about their funds amid the chaos and lack of information. In both instances, communication breakdowns amplified fear and confusion, revealing how crucial transparency is in financial operations. Just as then, the confidence of Torch Wallet users hinges on effective communication and swift action from the developers to reassure their community.