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via Decrypt · By Decrypt Editorial
Winklevoss-Backed Zcash Treasury Plunges Nearly 40% on ZEC Privacy Bug Concerns
ZEC
ZEC/USDT
$576.14
+2.55%
$576.14
+2.55%
(24s)24h Volume
$1,171,095,611.48
24h H/L
$595.96 / $549.93
Change: $46.03 (8.37%)
Funding Rate
+0.0020%
Longs 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…
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