TL;DR: Investigators have raised new concerns about stolen crypto flowing into Zcash, following earlier tracing of roughly 2,746 ZEC linked to the Bitget breach. Shielded transactions obscure details after entry, but do not prove that the underlying network has been compromised.
ZEC was down 6.97% over 24 hours, while one-hour long liquidations reached $1.24 million across three exchanges.
Will Zcash shielded pools attract regulatory scrutiny like Monero?
The headline is straightforward and identifies the central allegation without suggesting that Zcash itself was hacked or that every reported transfer has been independently verified.
The 10,000-ZEC position was opened at $1,146.86 as Zcash fell more than 24% over the past month.
A 10,000-ZEC long used 10x leverage while ZEC fell more than 24% over the previous month.
At 9:45 p.m. ET Oct. 17 (01:45 UTC Oct. 18), ZEC was up 0.19% over 24 hours; one-hour liquidations totaled $360,000 in shorts and $0 in longs.
Zcash's volatility in recent weeks needs to give way to a consolidation phase first.
The same-hour tally showed $100,000 in short liquidations across Binance, Bybit and OKX.
TokenPost's direct Binance spot-price collection recorded ZEC/USDT at $1,162 at 5:05 p.m. ET (21:05 UTC).
ZEC was down 2.64% over 24 hours; short liquidations across Binance, Bybit and OKX totaled $10,000 during the hour.
ZEC was down 3.58% over 24 hours, while long liquidations across three exchanges totaled $370,000 in the same hour.