Hupzy (Spot On Chain)|Jun 06, 2026 18:33
🚨 Zcash proposes the 𝗜𝗿𝗼𝗻𝘄𝗼𝗼𝗱 𝘂𝗽𝗴𝗿𝗮𝗱𝗲 after the Orchard counterfeiting vulnerability — but the team admits they cannot conclusively rule out whether ZEC's circulating supply was affected.
Ironwood would restore supply verification by creating a new shielded pool and freezing the existing Orchard pool. No deployment timeline yet.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a structural trust issue. If supply integrity can't be verified, the fixed 21M cap assumption is undermined. Even if exploitation never occurred, the uncertainty itself is a headwind — exchanges may delist, institutions will avoid exposure, and holders face asymmetric downside. Short-term, expect selling pressure from uncertainty-averse traders.
--source: https://x.com/WuBlockchain/status/2063325841434849350
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