Zcash rebounds 45% after developers propose Ironwood upgrade to fix counterfeiting bug
By
Shaurya Malwa
Summary
Zcash (ZEC) rebounded about 45% from its recent low near $300 after developers proposed the Ironwood upgrade to fix a counterfeiting bug discovered in the Orchard privacy pool. The bug, undetected since 2022, could have allowed attackers to create unlimited fake ZEC tokens. The proposed fix would let anyone verify that no counterfeit coins are circulating. Despite the bounce, ZEC remains down roughly 22% over the week.
Source
bskyZcash rebounds 45% after developers propose Ironwood upgrade to fix counterfeiting bugcoindesk.comKey quotes
· 3 pulledZcash has clawed back much of last week's losses, rising about 45% from the low near $300 it hit Friday
The flaw, undetected since 2022, could have let an attacker create unlimited fake ZEC without anyone noticing
The plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week's crash
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