Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns

The price of Zcash cratered following the disclosure of a serious vulnerability for the privacy coin. Can ZEC make a comeback anytime soon?

Cameron Winklevoss has defended Zcash after the privacy coin plunged as much as 45% and Cypherpunk Technologies shares dropped 37% following disclosure of a critical bug that could have allowed unlimited counterfeit ZEC to be created. According to a June…

Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.

Many cryptocurrencies charted multi-month or even yearly lows in the past week. ADA is among the poorest performers.

Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions.

Hayes exited ZEC after an Orchard privacy bug raised supply doubts. He also liquidated HYPE and NEAR while rotating his portfolio. The Zcash flaw was patched, but future exploitation cannot be ruled out. Arthur Hayes, co-founder of BitMEX, has fully exited his positions in Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR). The decision comes […] The post BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens appeared first on CoinJournal.

The ZCash team hired a hacker to find an exploit in the ZCash protocol, and he exposed a glitch that has been out there for four years.

Here is the puzzle. On May 29, 2026, a security researcher hired by Zcash developers found a critical bug in the network’s Orchard privacy pool, a flaw that could have let an attacker mint unlimited, undetectable counterfeit ZEC. The development…