Zcash Founder Zooko Reveals Orchard Severe Forgery Vulnerability Details
**June 5 Update: Critical Zcash Orchard Pool Vulnerability Discovered, Fixed**
On June 5, Zcash founder Zooko announced that security researcher Taylor Hornby uncovered a critical counterfeiting flaw in the Zcash Orchard shielded pool on May 29. Hornby reported the vulnerability to the Zcash Open Development Lab (ZODL), which coordinated an emergency cross-ecosystem response. A fix for the issue was completed on June 2.
Shielded Labs confirmed the vulnerability is real and exploitable. Hornby’s exploit code, built in a local testing environment, can generate unlimited, undetectable counterfeit ZEC. Because of Orchard’s privacy features, there is no cryptographic way to prove whether the flaw was exploited before the fix launched. Still, Shielded Labs estimates the chance of pre-fix exploitation is low.
The group is now developing a network upgrade proposal: it would deploy a new shielded pool and implement turnstile accounting for all Orchard pool tokens. This process would allow a
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SlowMist: Recent Surge in Search Engine Poisoning Incidents such as Fake Codex and Claude Code
On June 5th, SlowMist Cosmos posted on X, stating that search engine poisoning incidents targeting fake Codex, Claude Code, and other similar entities have become increasingly prevalent recently. The post also noted that SlowMist had repeatedly warned Google about its search results and Google Sites being exploited through black-hat SEO poisoning tactics, yet the tech giant has not taken action against these obvious poisoning methods.
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New Quarter Redemption Window Opens, U.S. Private Credit Market Hit by Redemption Storm
On June 5, the opening of the new-quarter redemption window triggered a fresh redemption storm in the U.S. private credit market. Multiple top financial institutions disclosed record redemption requests, putting investor confidence in the $1.8 trillion sector to the test.
Blackstone’s BCRED fund saw redemption requests hit 10%—a new all-time high that once again breached the 5% threshold. Cliffwater’s flagship fund reported a 17% redemption rate, while Partners Group was forced to suspend exit routes for investors.
Data from Fitch Ratings indicates the private credit default rate has surged to an all-time peak of 6%. PIMCO warned that a sustained credit default cycle has now begun.
The private credit industry is overly concentrated in software-related assets, and the disruptive impact of artificial intelligence is driving the sector to recalibrate its strategies. “For the first time in years, a sustained credit default cycle has commenced,” said Daniel Ivascyn, Chief Investment Offi
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U.S. Major Bank Consortium to Launch Tokenized Deposit Network
On June 5, a group of major U.S. banks plan to jointly launch a tokenized deposit network, according to The Wall Street Journal. The publication reported that The Clearing House—an initiative backed by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other top lenders—aims to debut this network next year, which will bridge traditional payment rails with blockchain infrastructure. The project is viewed as a significant move by the U.S. banking sector to counter competition from stablecoins and cryptocurrencies in the payments space.
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A new wallet withdrew 170,000 HYPE from Coinbase, worth $10.9 million
On June 5, per Onchain Lens monitoring, a newly created wallet withdrew 170,000 HYPE tokens from Coinbase seven hours ago, valued at $10.9 million.
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Anthropic calls for a global pause on cutting-edge AI research, interpreted by Serenity as Company A's competitive strategy
June 5: Anthropic has called on top-tier artificial intelligence labs worldwide to consider slowing their research and development efforts, noting AI systems are evolving at breakneck speed and may soon gain the ability to improve themselves without human intervention—a capability that could pose major societal risks.
In a recent blog post, Anthropic published internal data vividly illustrating how its most advanced models are boosting performance at an astonishing rate. The piece suggests AI progress is moving toward "recursive self-improvement," where systems can autonomously optimize themselves without any human input. It called for a global agreement to potentially slow the pace of AI research, alongside a mechanism to verify that competitors comply with such a deal.
In response, Serenity framed the call as a competitive ploy designed to freeze rivals while advancing its own work, arguing that such demands might instead prompt countries to accelerate AI investment. This, Serenity
3 minutes ago
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