LATEST: ⚡ Arthur Hayes declared "the Holy Trinity is dead" and sold all his Zcash after a researcher revealed a flaw in the Orchard shielded pool that could have allowed undetectable counterfeit minting.
🚨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%
🚨LATEST: Zcash is DOWN -27% today after multiple reports allege Claude Opus 4.8 uncovered a critical ZEC bug.
Sources say white hats have patched the vulnerability, though the network offers no clear way to verify whether it was previously exploited.