$ZEC took a major dive this week, down 41%. The reason? A white hat hacker hired by the team uncovered a protocol-level vulnerability that had been lurking for four years, and the full scope is still under wraps.
A foundational bug that stayed hidden for four years highlights some serious flaws in the code auditing and transparency mechanisms of privacy coins. Winkle Voss brought up the need for formal verification in the AI era to save face, but the market took a hit first; rebuilding trust is way harder than just throwing around tech buzzwords.
The security narrative in the privacy sector is currently facing a pressure test, and the price of $ZEC has already cast a vote for the users.