ZEC Whale Loses $70 Million in 24 Hours as Zcash Crashes 40%
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Zcash (ZEC) plunged about 40% from roughly $611 to near $307 after developers disclosed a critical vulnerability in the Orchard shielded pool that existed from May 2022 until it was patched on June 1, 2026, wiping more than $3 billion from its market cap. The bug could have allowed undetectable counterfeit ZEC, prompting a sharp selloff and security reassessment of the privacy protocol as a whale holding about $174M reportedly lost roughly $70M within 24 hours, highlighting immediate crypto market and protocol risk.
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- ZEC fell 40% from $611 to $307 after Orchard pool bug disclosed wiping $3B market cap.
- The bug existed from May 2022 to June 2026 potentially allowing undetectable counterfeit ZEC.
- ZEC whale held $174M without selling for six months and lost $70M in under 24 hours.
Zcash has fallen more than 40% from its recent highs after developers disclosed a critical vulnerability in the network’s Orchard shielded pool that existed from May 2022 until it was patched on June 1. ZEC traded near $390 on Thursday after briefly changing hands above $611 earlier this week, wiping more than $3 billion from its market capitalization.
The disclosure triggered one of the sharpest single-session selloffs in Zcash’s history as traders rushed to reassess the network’s risk profile. At the time of writing, ZEC is trading near $307.
The Whale Who Did Not Sell
Arkham data identified a ZE…
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