ZEC dropped 47% today. The zero-knowledge proof privacy pool has a minting vulnerability, allowing attackers to infinitely print fake coins, which can't be detected on the blockchain.


The bug has been hidden for 4 years.
Even more outrageous: because all transactions are private, even the project team can't confirm whether the vulnerability has been exploited.
Bitcoin has also had major vulnerabilities, but everything is publicly on the chain, allowing rollbacks and forks.
Privacy coins don't work; all transactions are in the ZK black box, and behind the peaceful years, millions of coins might have already been secretly printed.
The project team can only ask you to "trust us."
Of course, privacy is good, but when it protects money, "unverifiable" is the biggest risk exposure.
ZEC-13.25%
BTC-3.97%
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