Ethereum fell below $1,600 (13-month low) after Shielded Labs disclosed a critical Zcash bug undetected for 4 years,

#ethereum #zcash #blockchainsecurity #cryptomarket #zksnark #defirisk #protocolvulnerability

https://radarkilat.com/en/article/ethereum-falls-to-13-month-low-after-critical-zcash-vulnerability-disclosed

Incident Overview:
Platform: Step Finance
Loss: ~$40M treasury theft
Vector: Compromised executive devices
Status: Operations terminated

Recovery efforts:
• ~$3.7M Remora assets recovered
• ~$1M additional tokens recovered
• Snapshot-based reimbursement for STEP holders
• Buyback + redemption process underway

Collateral shutdown:
Remora Markets, SolanaFloor

Strategic insight:
Executive endpoint compromise → treasury compromise.

Crypto treasury management must incorporate hardened device policies, hardware-backed key storage, enforced MFA, anomaly detection.

Source: https://therecord.media/step-finance-cryptocurrency-theft-shutdown

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