- Arthur Hayes warns ZEC holders to take control of their assets.
- He emphasizes the importance of shielding ZEC for privacy.
- Self-custody is key to protecting crypto in uncertain times.
Arthur Hayes, co-founder and former CEO of BitMEX, has issued a direct warning to holders of Zcash (ZEC). In a recent statement on social media, Hayes stressed the urgent need for ZEC investors to “shield” their assets and opt for self-custody to ensure financial privacy and autonomy.
Zcash, a privacy-focused cryptocurrency, offers users the ability to shield transactions, hiding sender, receiver, and transaction amounts from public view. However, most ZEC transactions remain unshielded, undermining the coin’s core feature—privacy.
Hayes’ warning highlights a growing concern: relying on centralized exchanges or keeping ZEC in unshielded wallets defeats the purpose of using a privacy coin. He urges the community to take personal responsibility by shielding their coins and using non-custodial wallets.
Shielding ZEC: Why It’s Essential
Privacy in crypto is becoming increasingly important amid tightening regulations and surveillance. ZEC offers strong cryptographic privacy tools, but they only work when users actively shield their transactions.
Hayes’ call to action is a reminder that privacy is a choice. By shielding ZEC, users not only protect their financial data but also reinforce the broader goal of decentralized, censorship-resistant money.
Shielding and using self-custody wallets can help users manage their ZEC securely and privately.
Final Thoughts: Take Control Before It’s Too Late
As scrutiny around privacy coins increases, Hayes’ message serves as both a warning and a guide. ZEC self-custody and shielding aren’t just best practices—they’re essential for anyone serious about financial sovereignty. In an environment where third-party custodians can freeze, block, or track your assets, taking control of your crypto is more important than ever.
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- Arthur Hayes Urges ZEC Holders to Self-Custody
