# Brutal Zcash Bug Sat Hidden for 4 Years

Page: https://stenobird.com/podcast/the-breakdown-440465/brutal-zcash-bug-sat-hidden-for-4-years
Text version: https://stenobird.com/podcast/the-breakdown-440465/brutal-zcash-bug-sat-hidden-for-4-years.md
Podcast: [The Breakdown](https://stenobird.com/podcast/the-breakdown-440465)
Published: 2026-06-05T12:49:00+00:00
Episode link: https://traffic.megaphone.fm/BWG3869290988.mp3
Audio file: https://traffic.megaphone.fm/BWG3869290988.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-breakdown-440465/episodes/brutal-zcash-bug-sat-hidden-for-4-years
Duration seconds: 1596

## Resource

A critical bug in Zcash's Orchard shielded pool could have minted unlimited counterfeit ZEC — and it sat there for 4 years. The price has lost ~47% in three days. David walks through what happened, why ZK trust keeps mattering, and what it means for holders. Plus: Polymarket's UMA ruling that Strategy didn't sell Bitcoin (it did), and the end of the Bitcoin ETF outflow streak. TIMESTAMPS: (00:00) Intro (01:11) Zcash Crash (14:53) Polymarket Strategy Drama (23:39) ETF Flows Update FOLLOW THE SHOW › David — https://x.com/dcanellis › The Breakdown — https://x.com/TheBreakdownBW › The Breakdown Newsletter — https://blockworks.com/newsletter/the-breakdown Get top market insights and the latest in crypto news. Subscribe to the Blockworks Daily Newsletter: https://blockworks.co/newsletter/ DISCLAIMER As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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## Transcript

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