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Arthur Hayes closed all ZEC positions due to Orchard Pool vulnerability, still holds WLD

2026-06-05 02:32

Odaily Odaily Planet Daily reported that Arthur Hayes, co-founder of BitMEX, said on X platform that due to the attack on Orchard Pool, he has liquidated all ZEC holdings. Hayes stated that although he believes the possibility of additional coin minting is extremely low, it cannot be formally proven impossible at the cryptographic level; the privacy narrative aimed at AI, governments, and big tech requires perfection, not probability.

Hayes mentioned that he learned about the attack yesterday but did not realize its conflict with his narrative framework. The 30% drop in ZEC prompted him to rethink and decide to take profits on the entire position. Hayes said he will continue to reassess his judgment; if his assumptions are disproven, he will buy back, hoping to build a position at a lower price. Privacy is priceless, and he does not mind buying back at a higher price. Additionally, Hayes stated he still holds WLD and looks forward to Elon pushing the token's price up.