Earlier, Shielded Labs, a nonprofit developer on the privacy token system, disclosed a critical vulnerability in Zcash’s (ZEC) Orchard privacy pool that could have threatened the integrity of the token’s supply.
The vulnerability, if exploited, could have allowed an attacker to create an unlimited number of counterfeit ZEC tokens, completely undetected.
“Think of it as someone secretly gaining access to the Federal Reserve’s dollar printing press, except in this case, even the Fed wouldn’t be able to tell these extra dollars were printed,” wrote Omkar Godbole.
Importantly, the vulnerability was discovered with help from Anthropic’s recently released Opus 4.8 AI model, raising difficult questions for the entire crypto industry. More to come on that.
ZEC is now down 42% over the past 24 hours.