🚨 BREAKING: Zcash just dodged a potential disaster.
Zcash founder Zooko Wilcox revealed that a critical vulnerability in the Orchard pool could have allowed attackers to create unlimited fake $ZEC — completely undetectable by the network. 😳
The flaw was discovered by security researcher Taylor Hornby on May 29 and was urgently patched by developers on June 2.
The scary part? Because of Zcash’s privacy architecture, there’s no cryptographic way to prove whether the bug was secretly exploited before the fix. However, developers believe the chances are low.
Now, the team is exploring a network upgrade to verify the integrity of Zcash’s supply and confirm that no counterfeit ZEC exists.
Meanwhile, $ZEC is under heavy pressure, dropping 29% in the last 24 hours. 📉
One bug. Unlimited fake coins. A close call for Zcash. 🚨
#zec #zcash
Zcash founder Zooko Wilcox revealed that a critical vulnerability in the Orchard pool could have allowed attackers to create unlimited fake $ZEC — completely undetectable by the network. 😳
The flaw was discovered by security researcher Taylor Hornby on May 29 and was urgently patched by developers on June 2.
The scary part? Because of Zcash’s privacy architecture, there’s no cryptographic way to prove whether the bug was secretly exploited before the fix. However, developers believe the chances are low.
Now, the team is exploring a network upgrade to verify the integrity of Zcash’s supply and confirm that no counterfeit ZEC exists.
Meanwhile, $ZEC is under heavy pressure, dropping 29% in the last 24 hours. 📉
One bug. Unlimited fake coins. A close call for Zcash. 🚨
#zec #zcash