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Markets · Investing · Business
Finance
Zcash Just Crashed 40% in 1 Day. Is It Still a Buy?
A recently uncovered software vulnerability could make this coin uninvestable overnight.
Privacy is a great feature in financial technology. But if a system is private, so might be some of its faults, and therein lies a freshly revealed whopper of a problem for Zcash(CRYPTO: ZEC).
A four-year-old bug in the privacy-focused cryptocurrency, disclosed on June 5 by security researchers, could have theoretically enabled the undetectable minting of an unlimited quantity of counterfeit Zcash. Developers patched the flaw within days, but the asset shed 40% of its value in the 24 hours after disclosure, and investor trust has cratered. Is this coin still worth buying on the dip, or is it game over?
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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