AI Finds Bug in Zcash
In brief
- Security engineer Taylor Hornby used AI to find a critical bug in Zcash.
- The bug could have let an attacker mint unlimited counterfeit ZEC.
- The bug was hidden since May 2022 and was found on May 29.
- Zcash fell 38% after the bug was disclosed.
- Hornby plans to audit other privacy-focused cryptocurrencies, including Monero.
- Hornby will use AI to find bugs in other cryptocurrencies next.
Terms in this brief
- Zcash
- A cryptocurrency focused on privacy, where transactions are private by default but still auditable to prevent fraud. The bug found could have allowed someone to create unlimited ZEC, which is a major security issue in the crypto world.
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