Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed
Summary
Arthur Hayes said he sold his entire zcash (ZEC) position after a disclosed vulnerability in the Orchard Pool raised concerns that counterfeit tokens could theoretically be minted. He said he believed actual minting was extremely unlikely, but not cryptographically impossible, and the price drop prompted him to take profit. Shielded Labs said the flaw, present since 2022, was discovered on May 29 and fixed June 1 after going undetected for four years. ZEC fell sharply after the disclosure, and Hayes said he may buy back later if his view changes. Arkham also said a large holder lost more than half the value of a $174 million ZEC position.
