Zcash tumbles 50% as Hayes exits bag over unverifiable counterfeiting risk

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

Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.

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…

Zcash disclosed an Orchard bug found May 29, 2026, that could have minted unlimited ZEC; a fix was completed by June 2. Zcash revealed a critical Orchard pool bug found on May 29, 2026, that could have allowed unlimited, undetectable ZEC minting.  Shielded Labs said the flaw existed since May 2022, was patched by June […] The post Zcash Reveals Orchard Bug That Could Have Minted Unlimited ZEC appeared first on Live Bitcoin News.