Cypherpunk Technologies slumps after crypto token Zcash plunges

Cypherpunk Technologies

05/06/2026 11:21

** Shares of privacy technology firm Cypherpunk Technologies CYPH.O drop 35.2% to $0.64 premarket, after sliding ~17% last session
** Cryptocurrency Zcash slides more than 35% on Friday, after declining more than 20% last session, according to CoinGecko data 
** Zcash support organization Shielded Labs on Thursday said in a blog post that it has discovered a counterfeiting bug in the token's Orchard pool
** CYPH runs a digital asset treasury strategy with Zcash, holding 314,185.70 Zcash tokens as of May 14
** As of last close, CYPH declined more than 15% YTD to a market cap of $104.5 mln


 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))