Morning Edition
Fri, Jun 5, 2026, 8:58 AM
Zcash implodes 48 % after disclosure of a four-year-old infinite-mint bug, while CT sentiment hits rock bottom and traders debate whether other chains harbor similar hidden flaws.
The Story So Far
The Orchard counterfeiting bug we flagged last night has become crypto’s dominant story: ZEC is in free-fall, prominent voices like DonAlt are publicly abandoning the project, and the entire privacy-coin narrative is under fire. After days of blaming SpaceX IPO liquidity for Bitcoin’s slide, the market now confronts a deeper fear—undiscovered supply exploits lurking in other chains. Meanwhile, the same traders who were setting $71 k BTC buy levels yesterday are now openly questioning whether any crypto infrastructure can be trusted.
From Your Network
DonAlt refuses to buy ZEC dip
High-profile swing trader publicly exits ZEC, signaling reputational death for the project.
I'm not gonna buy the ZEC dip, personally don't see a good way for it to come back from this Happy to midwit it and focus on other things, not worth the risk for me
CT alleges Zcash insider shorting
Accusations of team front-running the bug disclosure raise legal and ethical stakes.
Are you telling me the Zcash team and insiders didnt open up a big fat daddy short once they stumbled across their known bug... and later publically announced it... Nah come on now... https://t.co/xX73XY0BNm
CT sentiment hits all-time low
DonAlt laments broken markets and AI exploits, voicing widespread fatigue among traders.
Sentiment couldn't be worse, everyone is dying Usually these are the times in which I'd get ready to buy a lot But nowadays I'd have to worry about 5 Saylor ponzis 100 ETFs and get AI exploits while doing it Seems like such a hassle, give back the simple times
Trending
Zcash crashes 48 % on infinite-mint bug
Claude AI revealed Orchard flaw allowing unlimited ZEC creation, eroding trust in privacy coins.
JUST IN: Zcash crashes 48% after Claude AI finds critical vulnerability allowing unlimited minting of $ZEC. It went unnoticed for 4 years until it was patched on June 1st. https://t.co/Ddv5JLMvUY
Meme claims USD has infinite mint bug
Satirical take on ZEC exploit underscores broader distrust of monetary systems.
🚨 It's not just ZCash. Opus 4.8 also found a vulnerability in $USD that allows for unlimited issuance which could theoretically enrich insiders at the expense of all holders huge breaking
SpaceX IPO still draining crypto liquidity
Visual meme reinforces narrative that TradFi mega-deals are sapping crypto bids.
Exit liquidity leaving crypto for the SpaceX IPO https://t.co/XJcpUQ5LC2