Short-position liquidations totaled $210,000 across Binance, Bybit and OKX during the same hour.
The daily withdrawal was smaller than the fund's $14.7633 million outflow on Oct. 15.
Zakura has proposed a new privacy safeguard for zcash swaps routed through Near Intents, designed to stop future quantum computers from linking one exposed refund address to a user's wider transaction history. Zakura Proposes One-Key-Per-Swap Privacy for Zcash Quantum computers are not cracking Zcash today.
The short covered 5,000 ZEC and was opened between 10:24 and 10:33 a.m. ET (14:24-14:33 UTC) on Oct. 19.
ZEC remained up 1.57% over 24 hours. Same-hour liquidations totaled $1.61 million for long positions and $60,000 for short positions.
Zcash price has recovered above $1,100 after falling below that level during the past 24 hours, while remaining well below September's trading levels. CoinGecko's Oct. 19 snapshot put ZEC at $1,135.48, up 3.
The incident underscores the inherent risks for node operators in decentralized networks, highlighting the importance of robust security measures. THORChain halts ZEC swaps after bug triggers RUNE deductions.
Zcash price faces a potential 40% drop toward $680 as bearish technical signals emerge ahead of the critical NU7 upgrade decision on October 20.
Zakura proposes one-time incoming viewing keys for Zcash swaps, limiting how much a future quantum attacker could link if a shielded address is publicly exposed. The risk is theoretical today: it depends on sufficiently powerful quantum computers recovering a viewing key from an exposed address, not on a demonstrated breach.
The Binance spot reading was recorded at 6:35 a.m. ET (10:35 UTC).
Zakura proposed using a private key for every ZEC swap via NEAR Intents.
Zakura says a single published Zcash address could let a future quantum attacker link every payment a wallet has ever received.