Zcash researchers complete formal verification of Ironwood, proving its shielded pool secure against undetectable counterfeiting under stated cryptographic assumptions.
After a 15-year legal process, 38,000 pairs of counterfeit trainers from China were destroyed in Le Havre, France, due to customs laws prohibiting resale or redistribution of seized counterfeit goods, highlighting the ongoing issue of counterfeiting and its attraction to organized crime.
Zcash price dropped 33% after a 4-year-old vulnerability was disclosed, highlighting tradeoffs between privacy and auditability, with potential for undetectable counterfeit coins.
Zcash dropped 37.8% after a vulnerability allowing undetectable counterfeiting was disclosed, sparking debate over privacy coin security and potential undetectable exploitation from May 2022 to June 1, 2026.
Zcash (ZEC) price drops over 30% after a critical vulnerability in its Orchard pool, potentially allowing unlimited counterfeit minting, was disclosed and patched with a hard fork on June 3, though concerns about prior exploitation remain.
Hong Kong authorities uncovered 23 cross-boundary and transshipment counterfeiting cases in a joint operation with mainland China and Macau in April, seizing about 46,000 items worth an estimated HK$16 million (US$2 million). The Customs and Excise Department said on Friday that the operation found that 21 cases involved local express couriers and logistics companies. The remaining two cases involved batches of counterfeit goods discovered on two inbound lorries at the Hong Kong-Zhuhai-Macau...
A 26-year-old woman and her 50-year-old father, both Polish citizens living in New Jersey, pleaded guilty to defrauding New York City auction houses of at least $2 million through an art forgery scheme involving at least 200 fake paintings. The forgeries, created in Poland since 2020, included works attributed to Andrew Wyeth, Banksy, Andy Warhol, and Native American artist Fritz Scholder. The most profitable fake, a Richard Mayhew painting, sold for $160,000. They face over three years in prison and $1.9 million in restitution.
A Polish father and daughter have pleaded guilty to defrauding New York City auction houses of at least $2 million through a sophisticated art forgery scheme. Karolina Bankowska, 26, and Erwin Bankowski, 50, created at least 200 fake artworks, including forgeries of Andrew Wyeth, Banksy, Andy Warhol and Native American artist Fritz Scholder. Their most profitable fake, a purported Richard Mayhew, sold for $160,000. They face over three years in prison and $1.9 million in restitution.
