ZEC drops 30% after Anthropic AI finds Zcash counterfeit vulnerability
A significant counterfeiting vulnerability in Zcash's Orchard pool, discovered by security engineer Taylor Hornby with assistance from Anthropic's Claude Opus 4.8, has caused the price of ZEC to drop over 30%. The bug, which existed since May 2022, theoretically allowed for the minting of unlimited ZEC, though its actual exploitation is unproven due to Zcash's privacy features. A hard fork was deployed on June 3 to fix the vulnerability, but concerns about past exploitation and the integrity of the ZEC supply remain. AI
IMPACT Highlights AI's growing role in discovering complex security flaws, potentially impacting the security of financial systems.