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via CoinDesk · By CoinDesk Staff

Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years

ZEC

ZEC/USDT

$1,531.32

-2.04%

$1,531.32

-2.04%

(24s)

24h Volume

$2,788,831,924.70

24h H/L

$1,625.00 / $1,515.00

Change: $110.00 (7.26%)

Funding Rate

+0.0049%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,536.71

▼ -1.22%

Volume (24h): -

Resistance Levels

Resistance 3$2,014.54

Resistance 2$1,727.56

Resistance 1$1,625.00

Price$1,536.71

Support 1$1,505.46

Support 2$1,178.72

Support 3$1,041.70

Pivot (PP):$1,565.23

Trend:Uptrend

RSI (14):64.3

CoinDesk Staff

(05:43 AM UTC)

1 min read

Updated byDavid Kim

0 comments

Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.

Privacy-focused zcash (ZEC) has taken a beating in the past 24 hours, falling roughly 30% to $400 amid broader market weakness. The selling accelerated after Shielded Labs, a nonprofit Zcash developer, disclosed a critical…

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Source

CoinDesk Staff · CoinDesk

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