Zcash's native token ZEC dropped 48.4% to $272.79 on Binance after a critical soundness bug was found in its Orchard shielded pool, leading to an emergency soft fork and disabling the pool temporarily. This caused $81.91 million in liquidations within 24 hours, mostly from long positions losing $70.55 million. Prominent investor Arthur Hayes sold his entire ZEC holdings following the exploit news, signaling a loss of confidence. A whale holding $174 million in ZEC saw its value drop by over $70 million in a day. The incident highlights how quickly protocol vulnerabilities can disrupt crypto markets and erode investor trust.
ZEC, the token of the Zcash blockchain, fell after unverified reports suggested a possible increase in token issuance, sparking fears of dilution among holders. This comes after recent security issues that already pressured the token's value. No offi...
Shielded Labs disclosed a critical bug in Zcash's Orchard privacy pool that could have let attackers create unlimited counterfeit tokens undetected. The vulnerability, active since May 2022, was found on May 29 using AI tools and patched by June 1. W...
Siren (SIREN) surged 29.65% to $0.7415 following recent platform upgrades that improved its efficiency, signaling rising interest in decentralized finance. Meanwhile, LAB experienced a sharp decline of 36.95% to $10.89 due to a significant sell-off i...
Zcash (ZEC) price fell more than 10% within 24 hours following a strong rally that made it vulnerable to profit-taking and market-wide weakness. The drop was intensified by confusion over network issues and an emergency bug fix related to the Orchard...
Zcash (ZEC) price fell almost 13% in 24 hours, nearing $540 as traders focus on a bearish head-and-shoulders pattern with critical support near $520. A breakdown below this level could lead to a deeper correction toward $390, while a recovery above $...
