Zcash plummets 38% as Shielded Labs reveals a major bug that went undetected for four years
Crypto
A critical, four-year-old bug in Zcash (ZEC) could have allowed an attacker to create unlimited counterfeit tokens, as revealed by Shielded Labs. The disclosure has shattered trust in the token's supply integrity, causing a 38% price collapse.
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↓ SHORT-20% target+10% stop1-2 weeks
Short ZEC/USD: a catastrophic inflation bug breaks trust in the core protocol, likely leading to further downside beyond the initial crash.