Cypherpunk Responds to ZEC Sell-Off After Reported Infinite-Mint Vulnerability

ZEC fell more than 50% in a single day amid selling after reports of a security flaw that could potentially enable unlimited token issuance. According to ChainCatcher, ZEC treasury company Cypherpunk said in a post on X that software vulnerabilities exist across systems, citing a historical incident in which Bitcoin was mistakenly “over-minted” by 184 billion BTC. Cypherpunk argued that such incidents do not justify abandoning blockchain technology and said security should be strengthened through formal verification and provable correctness. The company added that as AI advances, vulnerability detection will become faster and more widespread, but the key issue is whether defenders can identify problems before malicious actors. It said Zcash will demonstrate this capability through an upcoming update.