ZEC Drops 30% After Anthropic AI Finds Zcash Counterfeit Vulnerability

Zcash's ZEC token dropped 30% following the disclosure of a critical counterfeit vulnerability discovered by Anthropic AI. The market capitalization of ZEC fell by almost $3 billion over the past 24 hours. The vulnerability has already been patched. The price decline occurred despite the patch being in place at the time of disclosure.

Anthropic AI Discovers Zcash Vulnerability, Patch Already Applied

Anthropic AI identified a critical vulnerability in Zcash that could enable counterfeit transactions. The vulnerability was disclosed on Jun 5. Zcash developers patched the vulnerability prior to public disclosure. No further technical details or exploitation incidents were provided in the source.

FAQ

What caused ZEC to drop 30%? ZEC dropped 30% after Anthropic AI disclosed a critical counterfeit vulnerability in Zcash. The market capitalization fell by almost $3 billion over the past 24 hours.

Was the Zcash vulnerability patched? Yes, the vulnerability was already patched at the time of disclosure on Jun 5.