Arthur Hayes Dumps Entire Zcash (ZEC) Position After Major Flaw Emerges
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A newly discovered vulnerability in Zcash's Orchard privacy pool on June 5 triggered a selloff after BitMEX co-founder Arthur Hayes liquidated his entire ZEC position hours after details became public. The incident raises crypto security and privacy concerns, reigniting debate over trust and hidden supply-related exploits in privacy-focused cryptocurrencies and potentially weighing on adoption and token performance.
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A newly discovered vulnerability in Zcash’s Orchard privacy pool sent shockwaves through the market on June 5, prompting BitMEX co-founder Arthur Hayes to exit his entire ZEC position just hours after details of the flaw became public.
The selloff has reignited a long-running debate around privacy-focused cryptocurrencies, which is whether users can fully trust systems where certain types of supply-related exploits may remain hidden until long after they occur.
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