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Dragonfly's Haseeb: ZEC Vulnerability Poses Minimal Risk to Most Holders; Only 1% of Shielded Funds Unshielded

Security Incidents

2026-06-06 09:08:21

ZEC6.58%

According to Dragonfly managing partner Haseeb on June 6, the recently patched Zcash vulnerability poses minimal risk to most ZEC holders and exchange users. Haseeb explained that if the vulnerability had been exploited before patching, forged shielded ZEC would need to be converted to transparent ZEC before reaching exchanges like Binance or Coinbase, but transparent ZEC supply can be publicly verified, so any excess would be detected and blocked. The actual risk primarily affects long-term holders of shielded pool assets. Haseeb noted that since the vulnerability disclosure, only around 1% of shielded pool funds have been unshielded, indicating that holders genuinely exposed to risk are not concerned about exploitation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Dragonfly Partner Haseeb Clarifies Zcash Vulnerability Impact: Losses Concentrated Among Privacy ZEC Holders

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