ZEC recovered 41.5% from its June 5 low of $303 and is currently trading around $437. Josh Swihart, founder of ZODL, detailed a two-step emergency update that included a soft fork and a hard fork (NU6.2) activated on June 3.
Ripple CTO David Schwartz Weighs In on Zcash Bug
Ironwood would close the old Orchard pool to new activity and route funds through a turnstile before they enter a new shielded pool.
Zcash has staged a notable recovery of approximately 16%, reaching the $420 price point following one of its most dramatic declines in recent history. The swift downturn erased the majority of ZEC's gains accumulated over several months in a matter of days.
Josh Swihart has detailed Zcash's emergency response to a vulnerability that could have enabled unlimited counterfeit ZEC creation, as the token has recovered more than 41% from its post-disclosure low.
The plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week's crash. ZEC is still down about 22% on the week.
ZCash is starting to recover is reputation, after fears ZEC would go to zero due to a counterfeit coin vulnerability.
AI's role in identifying hidden vulnerabilities highlights its potential to enhance security audits, but also underscores the need for vigilant oversight. AI helps uncover critical vulnerability in Zcash's Orchard shielded pool.
The Zcash bug incident underscores the inherent risks in privacy coins, prompting calls for enhanced verification to bolster investor confidence. Winklevoss twins back Zcash following bug scare that tanked ZEC by up to 57%.
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.