Cypherpunk stays the course on Zcash after steep selloff

Zcash (ZEC) tumbled more than 40% on Tuesday after a critical counterfeiting flaw was reported in its shielded pool, hitting both the token and the public company most closely tied to it. Nasdaq-listed treasury firm Cypherpunk also fell as much as 40%. Cypherpunk dismissed the market reaction as "FUD" and said it remains committed to its goal of owning 5% of the total ZEC supply. The company pointed to expected "quantum recoverability" improvements due in the coming weeks and formal verification targeted by year-end as evidence the network is strengthening rather than breaking.