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Zcash has fallen 21% from its recent high due to ETF outflows and suspected North Korean hacking activity.
Zcash (ZEC) price has fallen 21% from its late September peak of $1,698, currently trading at $1,333.50, down 7.29% on the day. Reasons for the decline include a $30.25 million net outflow from the Grayscale Zcash ETF (ZCSH) on October 1, and blockchain investigator ZachXBT's discovery of approximately $3.9 million in ZEC flowing into Zcash's privacy pool from addresses linked to the Bitget exchange hack. Bitget's CEO believes the attack is related to a North Korean hacking group.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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