Arthur Hayes says he sold all ZEC after Orchard Pool exploit

Hayes said the incident showed it cannot be formally proved impossible to mint counterfeit coins, while adding he remains bullish on WLD.

Summary

Arthur Hayes said he has sold all of his ZEC holdings following what he described as an Orchard Pool exploit. He said the episode means it cannot be formally proved impossible to mint counterfeit coins, a concern that goes to the core of trust in a privacy-focused cryptocurrency’s supply integrity. Hayes added that he remains bullish on WLD.

Terms & Concepts
  • Orchard Pool exploit: A reported attack or flaw affecting Orchard Pool.
  • counterfeit coins: Tokens minted illegitimately outside intended supply rules.
  • WLD: A crypto token Hayes said he remains bullish on.