Zcash Price Drops Significantly After Critical Vulnerability Disclosed in Orchard Shielded Pool
Here's what it means for you.
The recent vulnerability in Zcash could reshape investor confidence in privacy-focused cryptocurrencies.
What happened
On June 1, 2026, Zcash's price dropped by up to 37% after a critical vulnerability was disclosed in its Orchard shielded pool.
The Context
- Security Concerns: The vulnerability, identified by Taylor Hornby, could have allowed unlimited minting of ZEC, raising alarms about the integrity of Zcash.
- Market Reaction: Major investors, including Arthur Hayes, sold their positions, reflecting a cautious sentiment in the cryptocurrency market.
- Regulatory Scrutiny: This incident comes amid increasing scrutiny on privacy-focused cryptocurrencies, particularly in regions like Dubai.
The Number
— This peak decline in Zcash's price highlights the volatility and risks associated with investing in cryptocurrencies, especially those emphasizing privacy.
Takeaway
As the cryptocurrency landscape evolves, expect ongoing scrutiny and potential regulatory changes that could impact market dynamics.
Curated tech headlines including AI stories.
"Influential aggregator surfacing the day’s top tech/AI links."
— A47 Editor
Privacy token Zcash plunges after the disclosure of a 2022 vulnerability in its Orchard shielded pool that could have allowed undetectable ZEC counterfeiting (Akash Girimath/Decrypt)
Zcash, a privacy-focused cryptocurrency, experienced a significant decline of over 38% following the revelation of a critical vulnerability in its Orchard shielded pool. This flaw, disclosed by developers, could have potentially allowed for undetecta...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
ETH falls to 13-month low on Zcash bug, Bitcoin below $60K: Is $1.4K next?
Ethereum's price has fallen below $1,600, reaching a 13-month low, as a critical vulnerability in Zcash has emerged, causing Bitcoin to drop below $60,000 for the first time in months. This vulnerability has led to significant panic selling across th...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Zcash price plunges 50% amid bug fallout and Hayes selloff, can whales reverse the trend?
Zcash's price has plunged nearly 50% following the disclosure of a critical vulnerability in its Orchard protocol, which has triggered panic selling and the exit of prominent supporters like Arthur Hayes, co-founder of BitMEX. This vulnerability rais...
Covers Bitcoin plus altcoin news, market updates, and educational resources.
"Bitcoin.com provides news, market data, and guides focused on Bitcoin and the wider crypto industry."
— A47 Editor
Ethereum Drags Altcoins Below $880B as 22% Weekly Slide Shakes Trader Confidence
Ethereum's recent decline has dragged the total market capitalization of altcoins below $880 billion, marking a significant 22% drop over the past week. This downturn has raised concerns among traders, particularly as Ethereum's price hovers around c...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Bearish zcash bets hit record high as privacy token's price crashes
Zcash (ZEC) has seen a significant decline in its price, prompting record-high bearish bets as traders react to the downturn. The cryptocurrency's value has been affected by a series of negative developments, including a critical bug that raised conc...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto
Bitcoin's price has fallen to $60,000 amid a significant downturn in the cryptocurrency market, exacerbated by a major bug discovered in Zcash, which caused its value to plummet by 40%. This bug, revealed by Shielded Labs, had gone undetected for fou...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels
The cryptocurrency market is experiencing its worst week since July 2024, with Bitcoin and Ether nearing critical price levels amid a backdrop of market volatility. The price of Ether is approaching a crucial support level, while Bitcoin struggles to...
Bitcoin news, technical analysis, and forecasts across crypto markets.
"NewsBTC covers Bitcoin news, technical analysis, and forecasts across crypto markets and major blockchain projects."
— A47 Editor
Bitcoin Price In ’Vulnerable Position’ As 2022 Playbook Repeats – Is $54,000 Next?
Bitcoin's price has recently fallen to its lowest levels in months, reaching a four-month low of $61,383, as it struggles to maintain critical support levels amid a broader market downturn. Analysts have noted that Bitcoin is retesting the key 200-we...
Covers Bitcoin plus altcoin news, market updates, and educational resources.
"Bitcoin.com provides news, market data, and guides focused on Bitcoin and the wider crypto industry."
— A47 Editor
Zcash Patches Critical Bug Enabling Unlimited Counterfeit ZEC Minting as Price Crashes 41%
Zcash has patched a critical bug that allowed for unlimited counterfeit minting of its ZEC cryptocurrency, leading to a significant price drop of 41%. This vulnerability was discovered by researcher Taylor Hornby and raised serious concerns about the...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC
Bitcoin's price is in jeopardy of falling to $60,000 as profit-taking accelerates following disappointing AI-chip sales forecasts from Broadcom, contributing to a broader downturn in the cryptocurrency market.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Zcash plummets 38% as Shielded Labs reveals a major bug that went undetected for four years
Zcash's price has plummeted by 38% following the revelation of a critical bug by Shielded Labs, which could have allowed attackers to mint unlimited counterfeit tokens undetected for four years. This vulnerability raised significant concerns about th...