ZEC rebounds above 400 USDT with a 24H increase 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%.

Previously, it was reported that 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 actually enters 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 over-interpreted by the market, and most holders will not be affected by it.