What to know:
- In a rather theatrical turn of events, Binance has opened a vote for users to decide which token shall face the guillotine, and lo and behold, Zcash is on the chopping block!
- Meanwhile, the ZEC token has taken a nosedive, plummeting by a staggering 3.1% in the last 24 hours. How thrilling! 🎢
- Several crypto founders have taken to their digital soapboxes, expressing their utter dismay at Binance’s audacious decision.
Ah, the cryptocurrency exchange Binance has found itself in hot water this week, facing a veritable barrage of criticism for daring to include the privacy token Zcash (ZEC) in its list of potential delistings. How positively scandalous!
With a market cap of $500 million, Zcash has been unceremoniously placed on the ballot alongside the likes of FTX’s FTT token and the data security platform JASMY. Quite the company, wouldn’t you say?
In a moment of sheer desperation, Zcash founder Zooko Wilcox took to Twitter, tagging Binance CEO Richard Teng with a dramatic plea: “You’re considering delisting Zcash!? What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?” Oh, the drama! 🎭
Not to be outdone, Digital Currency Group founder Barry Silbert also chimed in, lamenting the audacity of Binance’s decision to include Zcash on the list. The horror!
This sentiment was echoed by Ledger CTO Charles Guillemet and Cosmos co-founder Ethan Buchman, both of whom passionately highlighted the importance of privacy. Because, you know, who needs privacy in this day and age?
From Binance’s perspective, privacy tokens have long been a contentious topic among financial regulators. A leaked EU document from 2022 suggested that privacy tokens could face a ban across the region. How delightful!
And let us not forget the infamous privacy protocol Tornado Cash, which was sanctioned by the U.S. amid concerns of criminality, only to have those sanctions lifted last month. What a rollercoaster ride!
As it stands, ZEC is currently trading at a mere $31.26, having dropped by 3.1% over the past 24 hours. Truly, a tale for the ages!
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2025-04-15 18:24