Zipcoin announced its shutdown due to a codebase intrusion, causing the price of ZC to drop by 89.42%.
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Zipcoin has announced the closure of its project. The team stated that on October 21st, they received a notification from Railway that the project's codebase, credentials, and private keys had been compromised. Zipcoin will provide a six-hour selling window for holders, with remaining holdings to be sold and funds collected at 00:00 on October 23rd. The project was previously affected by the UNCX security incident on October 15th. Market data shows that ZC has fallen 89.42% in the past 24 hours, with a current market capitalization of $280,000.