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DeFiyst
DeFiyst
If there truly is an exploiter than has is abusing an mint glitch on ZEC, it's crazy how much power they have right now. You can argue they'd extract more by drip selling over a long period of time. However, shorting the whole alt market with spot proceeds and selling ZEC to 0 would work too.
Doug Colkitt
Doug Colkitt
The way to understand the ZCash bug is it’s not infinite mint of ZEC itself. It’s more like the shielded pool (Orchard) could become insolvent. Think of it more like the KelpDAO hack for ETH. Very little reason not to proactively unshield any ZEC today. Being early to the exit is always better in a bank run. Consider Orchard burned, and don’t re-shield until there’s a new pool with a clean history
I don't think this is actually happening, but interesting to think how an attacker could max extract from this. Lots of misinfo across the timeline, be wary.

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