Huo Xing Cai Jing reports that on September 8, Shen Yu, co-founder and CEO of Cobo, posted on social media: "I have real trauma with ZEC. When Zcash launched on mainnet in 2016, BitMEX set a fixed price cap of 10 BTC. On the launch night, shortly after mining began, the transformer at a GPU mining farm was struck by lightning. Since then, I’ve never had ZEC in my personal wallet again."
Cobo Founder Recalls ZEC's Troubled Debut: Mining Facility Struck by Lightning on Mainnet Launch Night
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Summary
Cobo founder Shenyu shared on-chain news about Zcash (ZEC) during a recent interview. He recalled that on the night of ZEC’s token launch in 2016, a lightning strike damaged the mining facility’s transformer. The incident occurred shortly after mining began. Since then, he has avoided holding ZEC in his personal wallet. The story underscores the unpredictable nature of token launch news and early on-chain challenges.
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