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Research3d ago

AI Finds Bug in Zcash

CoinDesk1 min brief

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.

Read full story at CoinDesk

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