Arthur Hayes: I've sold all my ZEC shares; the privacy narrative demands perfect security, not just low-probability security.

CoinFeed 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 an Orchard pool vulnerability. He stated that while the probability 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 said that after reading the vulnerability report yesterday, he realized this contradicted his own narrative logic. The 30% drop in ZEC's value prompted him to rethink his strategy, ultimately leading to his decision to close all positions at a profit. He stated that he will continue to reassess his judgment and is willing to buy back at a lower price if the assumption is proven wrong.