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AI-generated trading idea · SHORT · ZEC
Zcash gets crushed by a counterfeiting bug — ride the panic downward
A critical vulnerability that could have allowed infinite counterfeiting was just discovered in the privacy coin Zcash, causing its price to crash over 50%.
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Even though developers claim the bug is patched, trust in a cryptocurrency is everything. The mere fact that a counterfeiting flaw existed for four years shatters confidence in the network's security. As panic spreads and leveraged traders are forced to sell, the downward momentum is likely to continue before finding a bottom.
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