Zcash Patches Major Vulnerability in Sprout Pool
- Vulnerability Overview: Zcash has patched a major vulnerability that could have allowed bad actors to drain funds from the deprecated Sprout shielded pool, which still holds approximately 25,424 ZEC despite halting new deposits in November 2020.
- Impact of Vulnerability: The flaw affected multiple releases from July 2020 onward, and while it has not been exploited, an attempted attack could have resulted in a chain fork; however, the network's 'turnstile' mechanism effectively prevented broader supply inflation.
- Fix Implementation: The Zcash team released version 6.12.0 on March 26, 2023, to address the vulnerability, with major mining pools like Luxor, F2Pool, ViaBTC, and AntPool quickly deploying the fix to ensure user funds remain secure.
- Historical Context: This marks the second time a critical systemic vulnerability has been uncovered within Zcash's shielded pools, following a 2019 disclosure of a 'counterfeiting' bug that could have allowed unlimited ZEC creation without detection, highlighting ongoing security challenges for the network.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC). As of , Zcash (ZEC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 155.271 | 181.575 | 205.251 | 231.555 | 255.231 | 281.535 | 305.211 |
| Fibonacci | 181.575 | 200.668 | 212.463 | 231.555 | 250.648 | 262.443 | 281.535 |
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