Major Potential Vulnerability in Zcash Confirmed! The Zcash team proactively hired security researcher Taylor Hornby for an audit, and he unexpectedly discovered a critical vulnerability: the ability to infinitely counterfeit ZEC in the shielded pool! The good news is that the vulnerability was patched on June 1, and the team believes it hasn’t been exploited. However, due to the design of the privacy pool, it’s impossible to confirm this with 100% certainty. In response, they’ve proposed a network upgrade to introduce a brand-new accounting mechanism to verify the legitimacy of all ZEC. The market was instantly spooked, with ZEC plummeting 25% in no time. The community is now in heated debate: can this privacy design really be trusted?