It is found that the fluorescence of carbon dots (CD) with an emission peak at 459 nm is strongly quenched by silver nanoparticles (AgNPs) with their absorption peak at 430 nm. The finding was applied in a fluorescence quenchometric lateral flow immunochromatographic assay for detection of zearalenone (ZEN) with CDs conjugated to ovalbumin (OVA) as donor signal probe and AgNP-Ab as acceptor signal probe. The assay has an LOD of 0.1 μg·L for ZEN. This is 10 times better than the respective "turn-off" AgNP-based LFIA. In case of cereal samples and their products, the LODs range from 1 to 2.5 μg·kg. Only minor cross reactivity is found for fusarium toxins, and no cross-sensitivity for aflatoxin B1, T-2 mycotoxin, ochratoxin A, deoxynivalenol, and fumonisin B1. The assay represents a simple, sensitive, and rapid tool for determination of ZEN in cereal samples and their products. Graphical abstract Schematic presentation of fluorescence quenching lateral flow immunochromatographic assay (FLFIA) based on carbon dots (CD) and silver nanoparticle (AgNP) fluorescence resonance energy transfer (FRET) system for the rapid high sensitive detection of zearalenone (ZEN) in cereal samples.