Crypto News·
Zcash price has recovered roughly 50% from last week’s lows after a proposal for a new network upgrade sought to address concerns raised by a recently disclosed vulnerability that could have allowed the creation of counterfeit tokens. According to Zcash…
Read full articleZcash founder Zooko Wilcox says the proposed Ironwood upgrade will give users immediate, trustless verification that ZEC’s circulating supply is sound from the first block of activation. His comments address a central concern in the Zcash community following the disclosure of a recently remediated Orchard vulnerability: whether users can verify the supply without relying on […]
The Zcash incident underscores the challenges of ensuring transparency and trust in decentralized finance, highlighting potential systemic vulnerabilities. The post Zcash volume spiked 12-13x before privacy bug went public, Allium Labs reports appeared first on Crypto Briefing.
The incident highlights growing security risks for SaaS providers, potentially impacting customer trust and financial stability. The post ServiceNow patches vulnerability exploited against some customers appeared first on Crypto Briefing.
StarkWare and Sui roll out confidential transfer systems as Zama boosts compliance efforts and Zcash’s Orchard bug highlights risks in shielded privacy models.
Zcash jumped 11.3% to $478, marking an approximate 80% recovery since its June 5 plunge. The rally pushed its market capitalization back above $8 billion and wiped out $11.5 million in short positions. The Orchard Vulnerability Privacy coin Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began […]
The upcoming upgrade will mark the transition of ZEC from the Orchard to the Ironwood pool, allowing users running nodes to audit the total supply.
Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure. The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident. ZEC's price trends to the
A 32 BTC sale, a Zcash scare, a hot jobs report, and a flush that wiped billions. Then Saylor bought the dip.
