Security Engineer Plans to Audit Monero Following Zcash Bug Discovery
- Taylor Hornby discovered a critical bug in Zcash on May 29, which had been undetected since May 2022.
- The flaw could have allowed attackers to mint unlimited counterfeit ZEC, impacting the blockchain’s Orchard privacy pool.
- Following the disclosure of the bug, Shielded Labs implemented an emergency fix by June 1.
- Zcash’s value fell by approximately 38% within a day due to concerns over potential exploitations.
- Hornby has expressed intentions to audit Monero next, stating he will add it to his audit queue.
Hornby’s discovery and subsequent actions highlight significant vulnerabilities in privacy-focused cryptocurrencies like Zcash and Monero. His commitment to auditing Monero follows the alarming findings related to Zcash’s security.
The recent bug in Zcash illustrates serious risks within cryptocurrency protocols, as evidenced by its sharp decline of nearly 38%. Hornby’s upcoming audit of Monero aims to enhance security measures for users of this privacy coin. (Source)
