Zcash is about to freeze $16 million in its oldest privacy pool
Summary
Zcash is preparing to freeze a significant amount of cryptocurrency held within its original privacy pool. Thousands of coins remain stored in the Sprout system, though a small portion of these funds has been withdrawn recently.
About 12,200 ZEC remains in Sprout, the privacy pool Zcash launched in 2016. Roughly 10,000 coins have left over the past week, but only about 40 moved out Wednesday.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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