Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive
Maelstrom has sold its entire Zcash position after new details about the Orchard Pool vulnerability raised doubts about ZEC’s monetary integrity. Hayes said the issue matters because privacy assets require certainty, not just low odds of exploitation: the bug could have allowed “undetectable” creation of counterfeit ZEC, and because of Orchard’s privacy design, it cannot be cryptographically proven that it was never abused. He said this broke the thesis behind his ZEC trade, even though he thinks actual minting was unlikely. The sale ends Hayes’ recent “Holy Trinity” basket of ZEC, NEAR, and HYPE; he had already exited HYPE and NEAR. Worldcoin remains his main AI-linked holding. Hayes said he may buy ZEC again later if his assumptions change. ZEC fell sharply after the disclosure, dropping more than 45% in 24 hours.
