ZEC rebounds above 400 USDT, 24H increase 9.01%

Odaily Odaily reported that OKX market data shows ZEC rebounded above 400 USDT, currently at 406.5 USDT, with a 24H increase of 9.01%.

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

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

Haseeb, Managing Partner at Dragonfly, also stated that the Zcash vulnerability incident may have been over-interpreted by the market, and most holders will not be affected by it.