In early June 2026, Zcash (ZEC) witnessed a devastating price collapse of approximately 40% after developers publicly disclosed and remediated a significant security vulnerability affecting its Orchard shielded pool. The dramatic selloff wiped out over $3 billion in market value and sent ZEC trading below the $350 threshold.
Zcash's native token, ZEC, plunged more than 30% after developers disclosed a critical vulnerability that could have allowed an attacker to create an unlimited number of counterfeit tokens without detection, according to reports published Thursday and Friday.
Zcash faces pressure after an Orchard bug raised supply doubts, while David Schwartz says unmoved coins can remain safe in isolated pools.
If the vulnerability in the Zcash (ZEC) network was never exploited by hackers, then the funds of all users remain safe, regardless of whether they move them to a new pool or not. This was stated by Ripple's emeritus chief technology officer, David Schwartz, commenting on the current crisis around the privacy coin.
Frontier AI models have evolved into bug-finding tools, uncovering vulnerabilities across the tech world—and now in crypto too.
Shielded Labs proposes Ironwood upgrade to restore trustless ZEC supply verification after Orchard flaw
Onchain investigator ZachXBT accused BitMEX co-founder Arthur Hayes of turning his own audience into “exit liquidity,” saying Hayes most recently promoted Worldcoin token (WLD) and then sold it shortly afterward, capping a roughly 15-day stretch in which he exited four publicly hyped positions.
Zcash (ZEC) price has reclaimed the $350 mark after one of its steepest crashes in recent weeks, currently trading around $357 as buyers stepped in to defend the sell-off.
The ZEC withdrawal highlights investor confidence amid volatility, underscoring the potential for significant market shifts post-security scare. New wallet withdraws 37,316 ZEC worth $13M from Binance after protocol security scare.
The Zcash vulnerability highlights the inherent risks in privacy-focused cryptocurrencies, potentially undermining trust and market stability. Zcash plunges 38% after critical counterfeiting vulnerability disclosure.
Privacy token Zcash (ZEC) suddenly rebounded by as much as 30% following a sharp drop in the last two days.
Zcash (ZEC) has faced fresh scrutiny after a patched Orchard Pool vulnerability sparked a dispute over whether the privacy coin's users and investors still face hidden risks.