PANews reported on June 5th that BitMEX co-founder Arthur Hayes posted on the X platform that he had liquidated all his ZEC holdings due to a vulnerability in the Orchard pool. He stated that while the likelihood of the vulnerability being exploited is extremely low, it cannot be cryptographically proven that it absolutely did not occur. The privacy narrative in the context of AI, governments, and large tech companies demands perfection, not low-probability security.

Hayes stated that after reading the vulnerability report yesterday, he realized it contradicted his own narrative logic. The 30% plunge in ZEC prompted him to reconsider and ultimately decide to close all his positions for profit. He indicated he will continue to reassess his judgment and is willing to buy back at a lower price if his assumptions are proven wrong.