Zcash Price Jumps 17% After Emergency Hard Fork Fixes Counterfeiting Vulnerability

Zcash's price jumped 17% in under 10 hours—moving from $426 to nearly $500—adding over $1 billion to its market capitalization and triggering more than $13 million in short liquidations.

Privacy coin ZEC surged early Monday, June 15, amid reports that the Zcash protocol underwent an emergency hard fork to fix a recently uncovered counterfeiting vulnerability.

At the time of writing, the privacy coin was nearing $500, a level it last traded at shortly before the Orchard vulnerability was discovered.