Researcher who found Zcash's bug with AI adds Monero to his audit queue
Taylor Hornby, a researcher known for identifying a significant flaw in Zcash's Orchard protocol, has now indicated that Monero is next on his audit queue. This move suggests potential for similar vulnerability discoveries in other privacy-focused cryptocurrencies, creating a risk-off scenario for XMR.
What happened
Taylor Hornby, a researcher known for identifying a significant flaw in Zcash's Orchard protocol, has now indicated that Monero is next on his audit queue.
The read · Jun 6
Short Monero (XMR) on the potential for a bug discovery, similar to the Zcash (ZEC) Orchard flaw, driving a downside re-rate.
Wrong if
The primary risk is a clean audit report, which could lead to a short squeeze. Additionally, general crypto market sentiment could overshadow specific coin-level news.
CoverageSource: CoinDesk · Published here SAT, JUN 6 · 5:38 AM ET · the only report in this recordHow this is decided →
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The story1 min read
The read, in fullWhy it matters
The researcher's prior discovery of a significant bug in Zcash, which led to a 38% price drop, establishes a clear precedent for the impact of his audits. With Monero now in his queue, the market will likely price in increased risk of a similar vulnerability revelation. This creates a tactical short opportunity as traders front-run potential negative news.
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The read above, as written. kept as written
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2-4 weeks. Follow to be told when one lands.
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CoinDesk — the original5:38 AM
Research, not advice.
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