Zcash Ironwood Upgrade Locks $1.7B Pool After Four-Year Counterfeiting Bug

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Zcash has activated its Ironwood network upgrade, sealing a $1.7 billion shielded pool known as Orchard. The move comes after a counterfeiting vulnerability went undetected within the pool for four years. Under the new rules, all coins held inside the pool must exit through a controlled mechanism that limits withdrawals to verified deposit amounts. The upgrade effectively prevents any exploitation of the long-standing bug by restricting how funds can be moved out.

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