AI-Discovered Zcash Vulnerability Triggers $81.9M Liquidation; RippleX Developer Defends XRP Network
By
Blaze Trends Tech & Science Desk
Right out the toaster. Reliable, with some real depth.
Summary
A white-hat security researcher used AI model Claude Opus 4.8 to uncover a critical four-year-old vulnerability in Zcash's Orchard shielded pool, which could theoretically allow infinite, untraceable token minting. This triggered an $81.9 million liquidation event and caused Zcash prices to drop 40-55%. In response, a RippleX developer publicly defended the XRP network's security amid growing concerns about privacy-focused cryptocurrencies.
Key quotes
· 3 pulledThe discovery proved the network could theoretically be forced to print infinite, untraceable tokens, sending Zcash prices down by 40 to 55 percent.
The cryptocurrency market is currently dealing with the fallout of an $81.9 million liquidation event triggered by artificial intelligence.
With trust in privacy-heavy systems fractured across the board, attention quickly turned to other major tokens.
You might also wanna read
Hacker Exploits Resolv Labs Smart Contract, Mints $80 Million in Fake Stablecoins
A hacker exploited a bug in Resolv Labs' smart contract to mint approximately $80 million worth of unbacked USR stablecoins. The protocol's
bfmtimes.com·2mo agoAcademic Research on Bitcoin Security Vulnerabilities from Derivatives Markets
The article presents a defense of Bitcoin against recent academic criticism, specifically addressing a 2024 research paper by Soroush Farokh
AI Agents Exploiting Cryptocurrency Contract Flaws
Researchers from University College London and the University of Sydney have developed an AI agent to exploit vulnerabilities in cryptocurre
Crypto Market Sees Record $19 Billion Liquidation Event Triggered by Political Miscommunication
The crypto market experienced its largest liquidation event ever on Friday, with approximately $19 billion wiped out in 24 hours due to forc
Cryptocurrency exchanges begin offering tokenized securities
Security Researchers Discover Critical XSS Vulnerabilities in Mintlify Platform Affecting Major Tech Companies
A 16-year-old hacker and his friends discovered critical cross-site scripting vulnerabilities in Mintlify, an AI documentation platform used
