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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
$487.45
-0.57%
$487.45
-0.57%
(24s)24h Volume
$174,431,245.54
24h H/L
$492.64 / $484.25
Change: $8.39 (1.73%)
Funding Rate
-0.0013%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(05:43 AM UTC)
1 min read
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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