Dragonfly Partners: The Zcash vulnerability incident has been overinterpreted by the market, and most holders will not be affected
Dragonfly Managing Partner Haseeb published a statement regarding the recently patched Zcash vulnerability, indicating that there are many misunderstandings in the market about this event. He pointed out that even if the vulnerability had been exploited before it was fixed, attackers could only profit by faking ZEC in the privacy pool, and these tokens must first be converted from a privacy address to a transparent address to enter mainstream trading platforms.
Since the supply of ZEC in transparent addresses can be publicly verified, any abnormal transfers exceeding the maximum supply will be detected and blocked, so the vast majority of investors holding transparent ZEC and exchange users will not be affected.
Haseeb stated that the Zcash team plans to introduce a new "Turnstile" mechanism and a brand new privacy pool in future upgrades to verify that there is no inflation issue in the current privacy pool. He also mentioned that formally verified cryptographic systems can reduce implementation errors from a design perspective. Haseeb finally disclosed that Dragonfly still holds ZEC, and he is also a ZODL investor.
You may also like

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Blockchain Capital Partner: The Core Secret of Arbitrage

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?




