Zcash Plunges 37% as Arthur Hayes Issues Urgent Warning to Holders: Withdraw or Lose Privacy

The privacy coin market was jolted back into the headlines this week after BitMEX co-founder Arthur Hayes issued a stark warning to Zcash holders, urging them to withdraw their tokens from centralized exchanges or risk losing the very privacy the asset was designed to protect. On Wednesday, Hayes took to X (formerly Twitter) to caution users that keeping Zcash (ZEC) on centralized platforms undermines the coin’s anonymity. Through his post, Hayes referred to the network’s privacy-enhancing feature that a ...