Arthur Hayes: Fully liquidated ZEC due to Orchard pool vulnerability Hayes posted that he has fully liquidated his Zcash ZEC holdings due to a vulnerability in the Orchard pool. He stated that while the probability of this vulnerability being exploited is extremely low, it cannot be completely ruled out cryptographically. His bet on the privacy narrative demands 'perfect security' rather than 'low probability risk.' Hayes mentioned that after reading the vulnerability report yesterday, he found it contradictory to his own logic. Coupled with ZEC's 30% plunge, he ultimately decided to take profits and exit.