Zcash has disclosed a critical vulnerability in its Orchard shielded pool that reportedly allowed undetectable counterfeiting of ZEC. The news has renewed discussion around the security and design of privacy-focused cryptocurrencies.
Zcash has disclosed a critical vulnerability in its Orchard shielded pool that reportedly allowed undetectable counterfeiting of ZEC. The news has renewed discussion around the security and design of privacy-focused cryptocurrencies.
Following the disclosure, ZEC fell 38%, reflecting the market’s reaction to the report. The development underscores how security concerns can quickly affect sentiment around cryptocurrencies, especially those built around privacy features.
Zcash has disclosed what it described as a critical vulnerability in its Orchard shielded pool, a flaw that reportedly allowed undetectable counterfeiting of ZEC. The issue has drawn fresh attention to the technical risks associated with privacy coins.
According to the source material, the vulnerability affected Orchard and could enable the creation of counterfeit ZEC without detection inside the shielded pool. The disclosure has reignited broader debate over privacy-focused crypto assets and how their security models are assessed.
Following the disclosure, ZEC fell 38%, reflecting the market’s reaction to the report. The development underscores how security concerns can quickly affect sentiment around cryptocurrencies, especially those built around privacy features.
Keep exploring
Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.
Read
CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.
Read
Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.
Read