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Cypherpunk Holdings denies link to unauthorized ZEC token as CYPH stock surges 250%

  • Cypherpunk Holdings denied involvement with an unauthorized ZEC token on Robinhood's blockchain.
  • CYPH stock surged 250% amid the clarification.
  • Cypherpunk Holdings said it holds only native Zcash and Nasdaq-listed CYPH stock.

Cypherpunk Holdings said it has no connection to an unauthorized ZEC token on Robinhood's blockchain. The company emphasized that its holdings are limited to the native Zcash coin and its Nasdaq-listed CYPH stock. The clarification followed a 250% surge in CYPH shares.

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