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Co-Founder: Zcash Still Early; ZEC Tops Laundering

Gemini co-founder Tyler Winklevoss said Zcash adoption appears to be at an early stage after about 10 people among thousands at a TOKEN2049 discussion raised their hands when asked if they held ZEC. The response was an informal show of hands, not a measure of wider adoption.

Separately, Wu Blockchain reported that on-chain analyst Specter had observed more hackers moving stolen assets into ZEC. Reports also linked Zcash transactions to the Bitget exploiter and funds tied to the Cryptobills Ledger incident and a $12 million Triple-A exploit. The reported transactions do not establish that Zcash itself was responsible for the underlying crimes.

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