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

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

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

Additionally, a recently discovered Orchard soundness issue has been resolved through responsible disclosure and coordinated upgrades. There is currently no evidence that the vulnerability was ever 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 overly interpreted by the market, and that the majority of holders will not be affected by it.