Zcash Falls 21% From $1,698 Peak on ETF Outflows, Suspected North Korean Heist

The drawdown matters less than its cause: a privacy coin's shielded pool is being framed as a conduit for state-linked theft, which is a reputational problem no ETF flow data can offset. That cuts directly at the institutional case for Zcash, since the same privacy features that drive its appeal also complicate compliance narratives. Whether the outflows reflect a durable reassessment of that trade-off or a temporary reaction to one headline is the open question.