Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from Zooko Wilcox, Jason McGee and Taylor Hornby, who described the issue as “The Orchard Counterfeiting Vulnerability.” According to their summary, Hornby discovered a critical vulnerability in Zcash’s Orchard pool on May 29 and disclosed it to Zcash Open Development Lab, which then coordinated an emergency response completed on June 2. The key line was stark: the vulnerability “could have been exploited to undetectably create an unlimited amount of counterf
The Zcash vulnerability highlights the critical need for robust security measures in cryptocurrency systems to maintain investor confidence.
The post Zcash tumbles 50% as Hayes exits bag over unverifiable counterfeiting risk appeared first on Crypto Briefing.
Key takeaways ZEC is down 45% and is now trading around $309 per coin. The vulnerability was fixed within days, and findings suggest that actual exploitation of the bug is unlikely. Zcash Zcash fell sharply on Friday after researchers disclosed a critical vulnerability in its Orchard shielded transaction pool that could have theoretically enabled the […]
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Arthur Hayes has sold his entire ZEC position following the Zcash Orchard pool exploit, declaring that “the Holy Trinity is dead.” The high-profile exit has deepened a selloff that has knocked ZEC down nearly 47% over the past day. A High-Conviction Trade Unwinds BitMEX co-founder and one of crypto’s most-followed macro voices, Arthur Hayes told […]
Zcash’s native cryptocurrency, ZEC, crashed by roughly 45% today, as the market reacted to a notable disclosure from the protocol’s founder, Zooko Wilcox, and other key ecosystem figures. The post explained that researchers had recently found and patched a critical vulnerability associated with Zcash’s Orchard shielded pool – one that could have allowed an attacker […]
A critical vulnerability in Zcash’s Orchard shielded pool could have allowed an attacker to create an unlimited amount of counterfeit ZEC without detection, according to a new disclosure from Zooko Wilcox, Jason McGee and security researcher Taylor Hornby. The flaw was discovered on May 29, remediated through an emergency ecosystem response completed by June 2, […]
