Arthur Hayes Sells All ZEC After Zcash Orchard Pool Vulnerability Disclosure

Arthur Hayes said he sold his entire Zcash (ZEC) position after a vulnerability affecting the Orchard shielded pool surfaced, with key details becoming public on June 5. The bug was found on May 29 and patched by June 1, but developers said Orchard's privacy design cannot cryptographically prove whether it was exploited before the fix. ZEC slid more than 35% in 24 hours to about $386, while CoinGlass data showed nearly $49 million in liquidations over the past day.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.