Zcash Founder Retrospects on Critical Network Vulnerability, ZEC Plunges Over 30%

BlockBeats News, June 5th, Zcash founder Zooko this morning published a post-mortem on the Orchard critical vulnerability. Following this news, ZEC plunged over 30%, now trading at $431.64.

Zooko stated that security researcher Taylor Hornby discovered a critical inflation bug in the Zcash Orchard pool on May 29th and disclosed it to the Zcash Open Development Lab (ZODL). ZODL then coordinated an emergency response across the ecosystem, and the fix was completed on June 2nd.