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AZTECAztec$0.01
24h
-8.06%
18 Jun, 15:07
Aztec token criticized for security failures and poor performance
Bearish-29.96%
AI Summary
The author expresses a strongly bearish view on Aztec token, criticizing the team's competence after a security incident and highlighting disappointing token performance despite the privacy narrative.
if you raised $119M and still got hacked through a dead contract (TWICE!!!), you have a competence problem.
Aztec shut down Aztec Connect in 2023. Left the contract in the blockchain. With money inside.
3 years later: hacker drains $2.1M. The ZK-proofs verified 10 transactions. The settlement processed 7. The gap went straight to the attacker.
Token launched December 2025 at $350M FDV. Now at $0.016. Down 60%.
token launched December 2025 at $350M FDV. Now at $0.016. Down 60%.f runway. Users got rugged by a deprecated contract.
$119M raised > $47M market cap.
In a market where the privacy narrative dominates, this result is simply disappointing. what a shame.