Zcash ( $ZEC) crashed almost 45 % this week.


This is what happened:
Security researcher Taylor Hornby used Claude Opus 4.8 to audit the protocol and discovered a bug that had been sitting undetected since 2022.
The flaw could have allowed someone to create unlimited fake Zcash and move it around completely invisibly.
Luckily enough, the team fixed it within 4 days.
The bad part is that Zcash is a privacy coin, so every transaction is hidden by design. That same privacy means nobody can go back and check whether someone already used that bug to create counterfeit coins before it was patched.
Arthur Hayes, one of crypto's most prominent investors and a known Zcash supporter, sold his entire position immediately after the news, causing more panic selling.
Crazy turn of events, but atleast now we have a dip to buy.
ZEC-42.19%
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