POPA ReconZcash [ZEC] Crashes 50% After "Unlimited Counterfeit Minting" Bug Disclosure
Zcash [ZEC] Crashes 50% After "Unlimited Counterfeit Minting" Bug Disclosure Zcash halved in two days from $626 to a $250 wick, now near $313 after the team disclosed a critical vulnerability in the Orchard shielded pool that could have allowed an attacker to mint unlimited counterfeit ZEC undetected. The flaw sat in the Orchard zero-knowledge circuit since May 2022: an under-constrained element let false values pass elliptic-curve verification. Security engineer Taylor Hornb found it on May 29 using an AI auditing agent built on Anthropic's Opus 4.8 and even generated counterfeit ZEC in loc…
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