BUZZ-Cypherpunk Technologies slumps after crypto token Zcash plunges

Cypherpunk Technologies Inc. Ordinary Shares

Cypherpunk Technologies Inc. Ordinary Shares

CYPH

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** Shares of privacy technology firm Cypherpunk Technologies CYPH.O drop 35.2% to $0.64 premarket, after sliding ~17% last session

** Cryptocurrency Zcash slides more than 35% on Friday, after declining more than 20% last session, according to CoinGecko data

** Zcash support organization Shielded Labs on Thursday said in a blog post that it has discovered a counterfeiting bug in the token's Orchard pool

** CYPH runs a digital asset treasury strategy with Zcash, holding 314,185.70 Zcash tokens as of May 14

** As of last close, CYPH declined more than 15% YTD to a market cap of $104.5 mln



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