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Zcash founder personally admits: Orchard pool has a serious forgery vulnerability.
A 30% drop, $431.64—this is not market panic, this is the "faith in technology" collapsing.
Discovered on May 29, fixed on June 2, made public on June 5.
Who ran away during the week before the announcement?
What is Zcash selling? Privacy.
The credibility of privacy coins is built on "code security"; once that is shaken, the entire value proposition of the coin is gone.
Even more ironic:
The vulnerability is a "forgery"—meaning someone might be able to create Zcash out of thin air.
If privacy coins can be forged, what’s left of them?
Zero-knowledge proofs become "zero-credit proofs."
The founder said "fixed" when announcing, but the 30% drop tells you:
The market doesn’t believe you fixed it; what it believes is "you’re hiding more."
The path for privacy coins has always been difficult—regulators watching, exchanges delisting, liquidity drying up.
Now even the technical foundation has cracks.
This 30% drop in ZEC might just be the beginning. #分享美股交易赢英伟达股票 $ZEC