Arthur Hayes urges Zcash holders to move funds off exchanges
Crypto Briefing
Arthur Hayes advised Zcash holders to withdraw their ZEC from centralized exchanges to self-custodial wallets.Summary
BitMEX co-founder Arthur Hayes strongly recommended that holders of Zcash (ZEC) move their assets from centralized exchanges (CEXs) to self-custodial wallets for security. Hayes stated on X, "If you hold $ZEC on a CEX, withdraw it to a self-custodial wallet and shield it." This advice follows a significant surge in Zcash's value, which reached $711 last week, its highest since early 2018. The recent price appreciation, attributed to increased interest in its privacy features amid crypto anonymity discussions, has made Zcash the second-largest holding in Hayes' family office, Maelstrom, surpassed only by Bitcoin.
(Source：Crypto Briefing)