we are not in a good position to be in crypto right now
i have a couple thoughts after this $ZEC incident:
1) the whole crypto/defi is underestimating the effects of ai as a threat
2) i dont think i can see $ZEC the way as before
3) privacy is not in high demand, its a basic human right but we dont really care much about it
- we inherently fail to realize that privacy can be a feature and at the same time a threat/bug
- in an industry heavily dependent on software, we are in probably one of the most critical turning point like never before with the rise of ai
- we have been given a taste of the damage of exploits done in the first half or 2026 and can expect more ai threats in the next 12 months
- the risk to earn yields in crypto/defi is increasingly inproportionately skewed
- cybersecurity measures will be every more essential
- we will begin to see protocols to invest in proper insurances
regarding the $ZEC exploit, we dont really know if the exploit really went through due to its private-designed pool
but i could supposedly it did because there was an incentive for the exploiter to do so, pump
$ZEC
price coordinating across some of the biggest named kols and then dump it
> hayes made the entire CT as this exit liq for $HYPE
> then dumped his holy trinity bags
> says will release a post on market top
> then dumped his entire stack of $ZEC
previously, he also dumped his hype bag right after his $500 prediction, so i am not surprised at all
https://x.com/arndxt_xo/status/2062921319520620896
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