Zcash Drops 25% as Shielded Labs Proposes Upgrade to Address Bug Concerns
2026-06-04 23:18:58
Shielded Labs has proposed an upgrade for Zcash to demonstrate that the Orchard protocol did not generate counterfeit ZEC following a bug that impacted the shielded pool containing over 4 million ZEC. According to NS3.AI, CoinGecko data indicates that ZEC's value decreased by 25% in the last 24 hours and 16% over the past week as the bug was revealed. The Zcash Foundation assured that turnstile accounting verified the total supply remained unaffected.
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