Zcash bounces 45% as developers propose new Ironwood upgrade

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailZcash bounces 45% as developers propose new Ironwood upgradeThe plan would let anyone verify that no counterfeit coins are circulating, addressing the patched bug that triggered last week's crash. ZEC is still down about 22% on the week.By Shaurya Malwa|Edited by Omkar GodboleUpdated Jun 8, 2026, 8:17 a.m. Published Jun 8, 2026, 8:10 a.m. 2 min readMake preferred on What to know: Zcash has rebounded about 45% from last week’s low after developers proposed a fix for a critical counterfeiting bug in its privacy-focused Orchard pool.The Ironwood proposal would move users to a new, repaired privacy pool and let anyone running Zcash software verify that no more than the correct amount of ZEC exists.As coins migrate out of the old pool, any counterfeit ZEC would either be exposed or stranded and destroyed, potentially revealing whether the flaw was ever exploited, though developers say abuse is unlikely.Zcash has clawed back much of last week's losses, rising about 45% from the low near $300 it hit Friday as developers proposed a fix for the flaw that triggered the sell-off.ZEC traded around $437 on Monday, according to CoinDesk data, though it remains down roughly 22% over the week. The token plunged after Shielded Labs, a nonprofit developer on the network, disclosed a counterfeiting bug in Zcash's Orchard pool, the part of the system that hides transaction details.The flaw, undetected since 2022, could have let an attacker create unlimited fake ZEC without anyone noticing and withdraw tokens from the protocol's shielded pool - which offers opt-in privDevelopers, including Shielded Labs, the Zcash Foundation, and the Zcash Open Development Lab, patched the bug within days through emergency network upgrades, coordinated with the mining pools ViaBTC and Foundry. On June 6, the same groups proposed Ironwood, a plan to restore users' ability to confirm the coin's supply is sound.Ironwood would c…

Zcash bounces 45% as developers propose new Ironwood upgrade

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