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$ZEC and $XMR each gained roughly 7% on June 8, lifting the broader privacy coin sector 4.5% in a single session, yet the group remains more than 12% below its month-opening levels after a zero-knowledge proof vulnerability in Zcash's Orchard shielded pool triggered a sharp drawdown.
Network activity across major privacy coins held up better than token prices through the selloff, but whale positioning and surging exchange inflows complicate the case for a sustained recovery.
Zcash Orchard Vulnerability Triggered the Selloff A bug in the zero-knowledge proof circuit of Zcash's Orchard protocol was disclosed on May 29.
The flaw could have allowed malicious actors to perform invalid state transitions and mint counterfeit tokens, according to a notice on the Zcash Community Forum.
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