[CoinDesk] Zcash is about to freeze $16 million in its oldest privacy pool
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Zcash is set to freeze roughly $16 million worth of ZEC still held in Sprout, its original 2016 privacy pool, with about 12,200 ZEC remaining there. Roughly 10,000 coins exited the pool over the past week, though only around 40 moved out on Wednesday, suggesting the migration has slowed sharply. The event matters because Sprout is Zcash's oldest shielded pool, and the freeze will lock in any funds users fail to move before the deadline. What to watch next is whether the remaining stragglers migrate in time or leave value stranded in the deprecated pool.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Zcash (ZEC), Sprout, ZEC (ZEC)
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