Arthur Hayes sells entire ZEC position due to Orchard Pool bug

BitMEX co-founder Arthur Hayes announced on X that he has sold his entire position in Zcash (ZEC). He stated that the "Holy Trinity"—referring to HYPE, ZEC, and NEAR—is now over. Hayes explained that he was forced to sell his ZEC holdings due to the Orchard Pool bug. While he believes the probability of unauthorized minting is extremely low, he noted that it cannot be proven cryptographically impossible. According to Hayes, the narrative of protecting privacy from AI, governments, and Big Tech demands perfection. Hayes previously revealed he had also sold all his HYPE and NEAR tokens, promising to disclose his reasons next Tuesday. He confirmed that he continues to hold Worldcoin (WLD).