$ZEC down 50% from its $700 high.
A researcher found a critical bug in the Orchard shielded pool using an AI auditing framework that could have allowed unlimited counterfeit ZEC without detection.
The flaw sat unnoticed for four years.
Arthur Hayes sold his entire position saying the privacy narrative demands perfection and this can't be cryptographically proven clean.
The same privacy that drove the rally is now the reason people are leaving.