Crypto payment processor Coinsbuy was hit by a security breach on August 9, 2026, draining over $7.9 million from wallets across Ethereum and TRON networks. The attacker converted stolen assets into Monero, a privacy-focused cryptocurrency that complicates transaction tracing.
Zero-knowledge proof technology, which allows users to verify information without revealing underlying data, is emerging as a key privacy solution in blockchain systems. Midnight blockchain is highlighted as a leading implementation enabling compliance and identity verification without data exposure.
Fortitude Mining Holdings, the Zcash mining subsidiary of Digital Currency Group, completed the acquisition of a 12.5 megawatt digital infrastructure facility in Prosser, Nebraska for $6.25 million in cash, with a net outlay of approximately $4.7 million after credits.
Zcash activated its Ironwood network upgrade at block height 3,428,143 on July 28, replacing the Orchard shielded pool with a new private pool. The upgrade prevents any potentially counterfeit coins from leaving the retired pool, which held about 3.66 million ZEC.
A security breach in Wanchain's bridge connecting Cardano to BNB Chain resulted in the theft of between 290-515 million NIGHT tokens (valued at approximately $10M), causing the Midnight privacy network token to plunge 43% to a record low of $0.01524 before rebounding 19%. Seven major exchanges have frozen stolen funds.
An opinion article in China's Supreme People's Procuratorate newspaper outlined a framework for prosecuting crypto money laundering, including presuming criminal intent when mixers or privacy coins are used.
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.
Sui has launched confidential transfer capabilities using range proofs to enable private transactions while maintaining supply controls, as law enforcement agencies warn of increasing cryptocurrency scams targeting soccer fans through fake FIFA websites during the World Cup.
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.
Litecoin underwent a chain reorganization spanning more than three hours to undo its first major privacy-layer exploit, with attackers attempting double-spends against cross-chain swap protocols during the fork window.
