Bitcoin Dives Below $60K Following Strong Jobs Data, Zcash Crash Shaking Crypto Confidence
Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.
Crypto News·
Here is the puzzle. On May 29, 2026, a security researcher hired by Zcash developers found a critical bug in the network’s Orchard privacy pool, a flaw that could have let an attacker mint unlimited, undetectable counterfeit ZEC. The development…
Read full articleBitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.
Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.
Many cryptocurrencies charted multi-month or even yearly lows in the past week. ADA is among the poorest performers.
Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions.
Hayes exited ZEC after an Orchard privacy bug raised supply doubts. He also liquidated HYPE and NEAR while rotating his portfolio. The Zcash flaw was patched, but future exploitation cannot be ruled out. Arthur Hayes, co-founder of BitMEX, has fully exited his positions in Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR). The decision comes […] The post BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens appeared first on CoinJournal.
The ZCash team hired a hacker to find an exploit in the ZCash protocol, and he exposed a glitch that has been out there for four years.
Zcash disclosed an Orchard bug found May 29, 2026, that could have minted unlimited ZEC; a fix was completed by June 2. Zcash revealed a critical Orchard pool bug found on May 29, 2026, that could have allowed unlimited, undetectable ZEC minting. Shielded Labs said the flaw existed since May 2022, was patched by June […] The post Zcash Reveals Orchard Bug That Could Have Minted Unlimited ZEC appeared first on Live Bitcoin News.
Arthur Hayes sold his entire ZEC position after concerns about the Orchard pool exploit. A critical vulnerability in Zcash’s Orchard privacy pool prompted his exit. No funds were stolen because Zcash patched the vulnerability via the emergency hard fork NU6.2. BitMEX co-founder Arthur Hayes has sold all of his $ZEC holdings after a key vulnerability […] The post Arthur Hayes Abandoned ZEC – Here’s What Triggered the Decision appeared first on Live Bitcoin News.