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Zcash price jumps 17% after emergency fork fixes critical flaw, triggering $13M short squeeze

Market News
15 Jun 2026
Bitcoin
View Source
Bullish
pluang ai news

Zcash (ZEC) surged 17% within 10 hours, rising from $426 to nearly $500 after deploying an emergency hard fork to fix a critical vulnerability in its Orchard pool. This move added over $1 billion to ZEC's market cap and liquidated more than $13 million in short positions. The fix restores cryptographic transparency and supply verification for users, with a security audit by Anthropic AI confirming no further bugs before the upgrade. The price rally also coincided with a broader crypto market rebound and a positive U.S.-Iran memorandum announcement.

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