🚨 $ZEC crashed 30% in a single day after a critical bug was revealed in Zcash’s Orchard privacy pool. The vulnerability had been sitting in the code since May 2022 and went undetected for nearly three years. It was discovered during a security audit on May 29 and patched through an emergency network upgrade between June 1–3. To confirm the bug was real, a researcher used Claude Opus 4.8 to create a working proof-of-concept exploit in a test environment, showing how fake ZEC could potentially be created. The bug is fixed. The bigger issue is trust. Because Orchard transactions are private, there is no easy way to verify whether the vulnerability was exploited before the patch. The Zcash team says there is no evidence that the supply was affected, but privacy makes independent verification difficult. This is the challenge with privacy coins: the same technology that protects user privacy can also make it harder to audit the network when something goes wrong. The market isn't just reacting to the bug-it's reacting to the uncertainty it exposed.