Eleven months ago we discovered a counterfeiting vulnerability in the cryptography underlying some kinds of zero-knowledge proofs. This post provides details on the vulnerability, how we fixed it and the steps taken to protect Zcash users.

The counterfeiting vulnerability was fixed by the Sapling network upgrade that activated on October 28th, 2018. The vulnerability was specific to counterfeiting and did not affect user privacy in any way. Prior to its remediation, an attacker could have created fake Zcash without being detected.  The counterfeiting vulnerability has been fully remediated in Zcash and no action is required by Zcash users.