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Zipcoin shuts down after codebase breach, will sell remaining tokens

Zipcoin shuts down after codebase breach, will sell remaining tokens
Photo: Ann H / Pexels
AI summary

Zipcoin is shutting down after a breach of its codebase and plans to sell its remaining tokens. The project's swift collapse underscores how security failures and a lack of transparency can destroy investor trust in small-cap tokens. Traders should watch for sell pressure from the remaining token liquidation and treat similar low-liquidity projects with caution.

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