CoinWorld News reports that MaelstromFund Chief Investment Officer Arthur Hayes has fully liquidated all of his Zcash (ZEC) holdings after a developer disclosed a potential critical vulnerability in the Zcash network Orchard pool. Hayes said that although he believes any minting activity is extremely unlikely, he cannot cryptographically prove that it is impossible. The vulnerability was disclosed by Shielded Labs, which said that a major issue had not been discovered for the past four years and could allow hackers to print an unlimited number of forged tokens, damaging trust in the cryptocurrency’s supply and its value. After the announcement, the token fell sharply, dropping 42% within 24 hours. Hayes also mentioned that if the assumption proves to be wrong, he would buy ZEC again, hoping to enter at a lower price.

ZEC-12.01%
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GateUser-e623ef4b
· 11h ago
Infinite minting bug sounds terrifying, trust in supply collapses
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OldKeycapTrader
· 11h ago
Buy again after the lows, a common move for seasoned traders.
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MorningLightInAGlassBottle
· 12h ago
Hayes really moved quickly on this one, avoiding a 42% drop.
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BoredInBlockspace
· 12h ago
The name Orchard Pool sounds pretty good, but it wouldn't be great if something goes wrong.
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BorrowedSun
· 12h ago
A vulnerability discovered after four years, should ZEC's audit be reconsidered?
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