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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

$1,012.44

+1.23%

$1,012.44

+1.23%

(24s)

24h Volume

$3,190,484,090.69

24h H/L

$1,050.70 / $963.19

Change: $87.51 (9.09%)

Funding Rate

+0.0016%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$1,008.84

▼ -1.38%

Volume (24h): -

Resistance Levels

Resistance 3$1,266.16

Resistance 2$1,109.09

Resistance 1$1,052.57

Price$1,008.84

Support 1$959.4339

Support 2$888.37

Support 3$791.2616

Pivot (PP):$1,002.25

Trend:Uptrend

RSI (14):77.9

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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