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via Decrypt · By Decrypt Editorial
Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns
ZEC
ZEC/USDT
$468.87
+0.27%
$468.87
+0.27%
(24s)24h Volume
$512,455,148.06
24h H/L
$474.79 / $451.75
Change: $23.04 (5.10%)
Funding Rate
-0.0036%
Shorts pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(03:49 PM UTC)
1 min read
In brief
- Cypherpunk Technologies shares tumbled 37% on Friday as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.
- The company, which owns $102 million worth of Zcash, saw its holdings suddenly plunge underwater as the privacy coin fell.
- Cameron Winklevoss has been an outspoken supporter of Zcash, saying he believes “strong privacy is an essential property of sound money.”
Fallout…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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