Zcash Bug Crisis Shows Privacy Cuts Both Ways, Experts Say

ZEC

ZEC/USDT

$1,577.10

+4.07%

$1,577.10

+4.07%

(24s)

24h Volume

$3,028,336,294.19

24h H/L

$1,586.72 / $1,456.92

Change: $129.80 (8.91%)

Funding Rate

+0.0038%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,550.15

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,664.76

Resistance 1$1,563.00

Price$1,550.15

Support 1$1,477.49

Support 2$1,390.88

Support 3$1,296.02

Pivot (PP):$1,526.05

Trend:Uptrend

RSI (14):65.4

Decrypt Editorial

(08:26 PM UTC)

1 min read

Reviewed bySarah Chen

Zcash plummeted in price following the disclosure of a critical, four-year-old vulnerability.
Because of Zcash’s privacy features, the bug’s scope couldn’t definitively be determined in terms of counterfeit coins.
Some said tradeoffs between privacy and auditability are “part of the deal,” pointing to bugs patched in years past.

Shielding funds from prying eyes has long been Zcash’s…