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Zcash is about to freeze $16 million in its oldest privacy pool

Headline from CoinDesk

Image: CoinDesk

Key points

  • Zcash is moving to freeze approximately $16 million worth of funds held inside its original Sprout privacy pool, which first launched in 2016.
  • About 12,200 ZEC currently remains stored within the old pool.
  • While roughly 10,000 coins were withdrawn over the past week, outflow activity slowed down significantly with only around 40 ZEC moved on Wednesday.

Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.

Coins mentioned

Sources

  • CoinDeskZcash is about to freeze $16 million in its oldest privacy pool · 27 hours agoRead on CoinDesk

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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.

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