​Following this news, $ZEC slumped by over 30%. As panic spread, the sell-off continued. The day’s loss hit around 50%. $ZEC dropped from this price to as low as $250. Key supporters of the privacy coin did not help matters as they cut their losses since ZCash cannot quantify the extent of the damage. How can the safety of this chain be proven when a bug went unnoticed for 4 years?

How The Bug Was Discovered

​What Taylor Hornby found was a weak constraint. This loophole allows data that will otherwise be rejected to return a success after validation. If the system is deceived into believing a transaction is authentic, it will record ZEC tokens from that transaction in… Read more on Benzinga