Dragonfly Partner: Zcash Vulnerability Incident Overinterpreted by the Market, Most Holders Unaffected

Odaily Planet Daily News: Haseeb, Managing Partner of Dragonfly, has published a statement addressing the recently fixed Zcash vulnerability, noting that there are many misunderstandings about the incident in the market. He pointed out that even if the vulnerability had been exploited before the fix, attackers could only profit by forging ZEC within the privacy pool. For these tokens to enter mainstream trading platforms, they would first need to be converted from private addresses to transparent addresses. Since the supply of ZEC in transparent addresses can be publicly verified, any abnormal transfers exceeding the maximum supply would be detected and blocked, meaning the vast majority of investors holding transparent ZEC and exchange users would not be affected.

Haseeb stated that the Zcash team plans to introduce a new "Turnstile" mechanism and a new privacy pool in subsequent upgrades to verify that the current privacy pool does not suffer from inflation issues. He also mentioned that formally verified cryptographic systems can reduce implementation errors at the design level. Finally, Haseeb disclosed that Dragonfly still holds ZEC, and he personally is an investor in ZODL.