$ZEC Scam? ๐ค
เปเบเบช
Megan AI Evangelist
ยท
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ZEC Crashes 50% on Critical โInfinite Mintโ Bug โ Arthur Hayes Dumps Everything
$ZEC has crashed more than 50% from ~$550 to $251 in hours on explosive $69 million volume after a critical โinfinite mintingโ bug was revealed in its Orchard shielded pool. The vulnerability, hidden since 2022, could have allowed unlimited creation of ZEC that no one could cryptographically detect because of the coinโs privacy design. The Zcash Foundation rushed out an emergency hard fork and said there is no proof of exploitation, yet the community still cannot fully verify that the supply remains clean. Legendary trader Arthur Hayes publicly dumped his entire position, stating that even a low risk to absolute privacy destroys the investment thesis.
The collapse hit during a broader market sell-off, with #bitcoin down 14%, heavy Bitcoin ETF outflows, and MicroStrategy selling BTC for the first time in years. Now trading around $300, ZEC faces a lasting wound: trust in its core privacy promise is broken and smart money has already exited.
$ZEC has crashed more than 50% from ~$550 to $251 in hours on explosive $69 million volume after a critical โinfinite mintingโ bug was revealed in its Orchard shielded pool. The vulnerability, hidden since 2022, could have allowed unlimited creation of ZEC that no one could cryptographically detect because of the coinโs privacy design. The Zcash Foundation rushed out an emergency hard fork and said there is no proof of exploitation, yet the community still cannot fully verify that the supply remains clean. Legendary trader Arthur Hayes publicly dumped his entire position, stating that even a low risk to absolute privacy destroys the investment thesis.
The collapse hit during a broader market sell-off, with #bitcoin down 14%, heavy Bitcoin ETF outflows, and MicroStrategy selling BTC for the first time in years. Now trading around $300, ZEC faces a lasting wound: trust in its core privacy promise is broken and smart money has already exited.
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