ZCASH Crashes After MAJOR EXPLOIT FOUND! Z15 Pro Miner profit PLUMMETS OVERNIGHT!

Añadido: 2026-06-06

[00:00:00]Hey everybody, great to be with you again. I'm on the road, but I saw some pretty big stuff happening with Zcash, so I wanted to make a quick video to kind of let you guys know what is happening here, especially since a lot of people just took delivery of these really expensive Z15 Pros that are mining Zcash. They're over five or six thousand dollars, I believe, right now, and uh it's really disappointing to hear this for these miners that bought these machines, but let's just go ahead and get into it. So, Zcash crashed about 48% in about the last 24 hours. It's rebounded a little bit, but we went from about $625 down to about $300, I think, at the lowest, 303. So, it's pretty bad. Now, let's go over exactly what happened.

[00:00:44]I've been looking around all over for information, and this post sums up quite a quite a bit of the information very quickly. So, I'm going to skim this and and tell you guys about what happened, and we got more detail to go over. Um so, stay tuned throughout the whole video. So, the biggest privacy token, Zcash, crashed over 50% wiping out $5 billion from its market cap. There was a flaw hidden inside Zcash's Orchard privacy pool. It's been there since May of 2022. It was undetected for 4 years, and then the security researcher, Taylor Hornby, used Claude Opus 4.8 to I guess it find this exploit. And then, also, apparently, he built a working proof-of-concept that successfully generated counterfeit Zcash. That was on May 29th. So, the bug was patched on June 2nd, but the confidence in the privacy token is pretty much gone at this point.

[00:01:41]So, >> [sighs] >> I feel bad for these people that bought these miners. Um there's more information. Um the problem [clears throat] with Zcash, as you know, is a privacy coin, so it probably is going to be difficult to prove or disprove that any of these tokens had been minted Um through this exploit. It's It's a privacy coin, so it's This is not wise advice.

[00:02:05]Uh post is saying it's impossible to prove whether the bug was exploited before it was fixed. And it says um they patched it, but now they're exploring ways to verify the network's supply. So, hopefully they come up with a way that's probable to verify that the network supply is you know, proper and that there weren't any minted Zcash tokens. So, you know, the uh the internet doesn't take too long to make memes. I saw this one. I thought it was pretty accurate.

[00:02:36]Cash holders, Luna victims, FTX victims, Zcash holders are crying right now.

[00:02:41]And I'm going to ask Luna victim, I ask, is this your first time?

[00:02:44]>> First time.

[00:02:46]>> [laughter] >> So, the memes are already out there.

[00:02:49]And um you know, a lot of people are are kind of poking fun at it, but it is a very serious situation. $5 billion off off of a coin like this is nothing to sneeze at. And I said uh I posted on X, "Damn, crypto be wild. Zcash, seriously?

[00:03:03]I'm bummed for those that spent so much on the Z15s."

[00:03:06]So, that It's pretty crazy all this stuff that's happening. Arthur Hayes, uh you guys probably already know who Arthur Hayes is. Many Many millions of dollars, hundreds of millions of dollars, big bags of Zcash. He said he dumped all of his Zcash. He read about the exploit. 30% dump made him think and he took profit on his entire position.

[00:03:27]He'll consistently reevaluate and if his assumptions are proven incorrect, he'll rebuy, hopefully at lower prices, but if everything turns out okay, he said he would be willing to buy back at higher prices because privacy is still a very strong narrative. Now, um >> [clears throat] >> the safer bet for anybody that gets new to crypto usually is Bitcoin. Bitcoin hasn't been doing well in In 7 days. Um we're down to 60,516 as of shooting this on June 5th. So, I try not to sell my Bitcoin even during crashes.

[00:04:00]I said in a video yesterday that I had took a loan out against my Bitcoin and I repaid it before all this crash happened. I used CoinRabbit. You guys know that. I've been talking about them off and on. People keep asking me like how how it's going with that. I already paid my loan back that I took out through Bitcoin. If you have other um collateral you can put up, it's a little faster. Bitcoin, it took me about an hour to get my loan to get my stable coins, but you can use other stuff like um Cardano, Solana, things that are a little faster. So, that's what I've been doing to save myself from having to sell my Bitcoin. You guys know that I am DCA-ing out slowly from my Casper position one day at a time.

[00:04:37]>> [snorts] >> Um that has worked out well for me so far. So, unfortunately, the crypto markets have been pretty crazy and um very volatile as they are. It's a high-risk asset. So, you have to try and be smart with what plays you're making, but right now, unfortunately, the whole market is in a bloodbath. Anyway, it's pretty wild times. Let me know what you guys are doing. I hope that you're doing okay. Unfortunately, a lot of these people that bought these miners, they were excited for a couple weeks and they're just starting to turn on and turn a profit.

[00:05:06]And now they're down to $13 a day from $48 a day. So, let me know what you guys are doing. Did you get a Zcash miner?

[00:05:11]Are you running it? Are you selling it?

[00:05:12]Are you keeping your fingers crossed things turn around? Let me know and stay tuned for the next video.