Privacy coin Zcash experienced a dramatic rally, adding between $1-2.5 billion to its market capitalization after founder Zooko Wilcox unveiled the 'Ironwood' upgrade proposal designed to address long-standing concerns about the cryptocurrency's supply verification.
Zcash (ZEC) plummeted approximately 40% after developers disclosed a critical four-year-old counterfeiting vulnerability in its Orchard shielded pool, discovered with help from Claude AI. Developers have proposed the Ironwood upgrade to restore independent supply verification, with ZEC partially recovering about 45% from lows.
Privacy-focused cryptocurrency Zcash crashed 38% after Shielded Labs disclosed a critical bug in its Orchard shielded pool that could have enabled unlimited counterfeit token creation. The vulnerability, which went undetected for four years, was discovered through an AI-assisted audit using Anthropic's Claude Opus 4.8.
Zcash developers executed a two-stage emergency fix after discovering a critical vulnerability in the Orchard shielded pool that could have enabled double-spending, temporarily suspending then restoring transactions through coordinated network upgrade.
