Overview
- Hayes told followers on X to move ZEC to self-custodial wallets and “shield” funds to maintain privacy.
- ZEC swung from roughly $723 over the weekend to a low near $430 on Wednesday before rebounding above $530.
- Most centralized platforms support only transparent Zcash addresses, which makes transactions viewable on-chain.
- Regulatory pressure, including Europe’s MiCA framework, has raised concern that exchanges could restrict or delist privacy coins.
- Analysts warn that self-custody reduces risks tied to centralized platforms, including hacking, withdrawal freezes, and sudden delistings.