Zcash Privacy Failure: Ledger Hacker Traced Through Shielded Pool
A hacker who routed stolen funds through Tornado Cash and into Zcash's shielded pool was reportedly tracked and identified, raising serious questions about Zcash's actual privacy guarantees and possible intelligence ties.
What we know
TraderSZ raised alarm after a Ledger theft suspect was de-anonymized despite using Tornado Cash → Zcash's shielded pool as a laundering route. In a detailed thread he noted no major Zcash KOLs addressed it, and questioned whether Zooko has intelligence ties. He contrasted this with Monero, which has operated in the shadow economy for a decade with very few known deanonymization cases — and asked what are the odds this was coincidence. Despite the controversy, TraderSZ noted $ZEC is seeing a textbook bullish breakout on the daily chart, while Barry Silbert's team simultaneously promoted a Zcash ETF narrative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.