I don't quite follow, but some of this sounds a little off to me:
- The issue does not affect the privacy of any funds.
- The issue was identified through routine auditing before any known exploitation.
- The issue affects only Orchard, Zcash's latest shielded pool.
- Only Orchard pool transactions will be suspended during the upgrade window. Wallet users will be unable to send or receive Orchard funds until the upgrade is complete.
- With the exception of the shielded Orchard pool, the Zcash network continues running. Transactions to and from the shielded Sapling and transparent pools are unaffected.
- ZEC held on exchanges is unaffected and can continue to be traded normally.
- This issue required a protocol-level change, which took effect at 22:30 EDT on June 1, 2026
The #1 reason why adding Zcash style privacy to Bitcoin's consensus layer is a bad idea.
TLDR: shitcoin
Yep.
The main value of these types of shitcoins that do have a privacy angle is that of a proof of concept. Tech that is not proven can be on them before being considered for bitcoin.
Based on these events... I would call it not proven yet
Traders still YOLOing in.
source
This sounds like quantum
https://twiiit.com/sacha/status/2061855853393719516
https://twiiit.com/zodl_co/status/2061694427098218924