A new wallet withdrew 37,316 ZEC worth $13.12M from Binance after ZEC dropped 50% due to a critical Orchard pool vulnerability in the Zcash protocol.

ZEC fell on Thursday after the disclosure of a flaw in Zcash’s Orchard circuit that would have allowed unlimited counterfeit ZEC minting with no way to cryptographically prove…

Zcash patched an Orchard pool flaw that could have minted unlimited counterfeit ZEC. The token fell over 30% as developers raced to fix it.