Zipcoin Shuts Down After UNCX Exploit and Codebase Compromise Warning

Ethereum-based privacy project Zipcoin has announced its shutdown following an exploit involving its locked tokens and a separate warning that its codebase and private keys may have been compromised. The October 22 decision follows a security breach at UNCX Network that exposed approximately 1.1% of ZC's total supply. Zipcoin initially attempted to contain the fallout through token buybacks but has now abandoned development following the additional security concerns. The team gave holders a six-hour window to exit their positions before a planned liquidation of its remaining treasury allocation, representing approximately 2.2% of the token supply.