ZEC rebounds above 400 USDT, with a 24H gain of 9.01%

According to OKX market data, ZEC has rebounded above 400 USDT and is currently trading at 406.5 USDT, with a 24-hour increase of 9.01%.

Earlier, ZODL proposed launching a new privacy pool called Ironwood, a mechanism that allows anyone to independently verify the circulating supply of Zcash, ensuring that the amount of ZEC in circulation does not exceed the amount that has actually entered the new pool.

Additionally, a recently discovered Orchard soundness issue has been resolved through responsible disclosure and a coordinated upgrade. There is currently no evidence that the vulnerability was exploited, nor are there any indications that user funds, privacy, or the total supply of ZEC have been affected.

Dragonfly managing partner Haseeb also stated that the Zcash vulnerability incident may have been overinterpreted by the market, and that the majority of holders will not be affected by it.