🚨Confirmation of a massive potential ZEC exploit
TLDR:
- ZCASH hired a security researcher to try to find exploit vectors
- The researcher (Taylor Hornby) found one that would let him create unlimited counterfeit ZEC in a shielded pool
- The exploit is now fixed as of June 1
- There is no way to know if the pool was exploited BUT the team feels that it is unlikely
- They're proposing a network upgrade with new accounting that would prove whether any counterfeit ZEC was created or not
Market clearly spooked with ZEC down 25%
@Dougytrades@frankdegods Which will ultimately make things more resilient and hardened. We’re heading through a turbulent cybersecurity period though for sure
@RampCapitalLLC Every ai hating shitposter has made the same prediction.. and when it pops they will say I told you, so I knew with absolute certainty, without having made any money.
@StonkChris Yea I’m in this camp. Aug-nov will be the best time to buy. Might be choppy for 6 months around then then we resume going up when everyone calls it a bear market rally on a dead asset.