2h ago
Zcash groups propose Ironwood upgrade after Orchard bug; ZEC rebounds to $442
Zcash (ZEC) slid from around $635 to roughly $303 after Shielded Labs disclosed a critical Orchard shielded-pool bug that had gone unnoticed since 2022. ZEC later rebounded to about $442 by Monday, June 8, though it remained down 19.7% over seven days and 26.2% over 30 days. Developers also proposed the Ironwood upgrade on June 6, while an analyst flagged $314 as a key level if a rising-wedge breakdown plays out.