CEO Slams Zcash as “Lame” – Picks Litecoin for Privacy (Surprise!)

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Canary Capital’s CEO, Steven McClurg, has officially thrown shade at Zcash, calling it a “pump and dump” circus 🐎🎪. Meanwhile, he’s throwing his privacy-backed weight behind Litecoin. Who knew crypto debates could be this dramatic?

In a series of X posts (oh, how the platforms have changed!), McClurg admitted he once “bought into the Zcash narrative”-but clearly, he’s had a moment of clarity. Who has time to revisit projects from 2016? I’ve forgotten where I left my keys 🗝️.

According to McClurg, “Litecoin has broader reach in users” and, with MWEB, makes privacy as easy as “Hey Siri, hide my transactions.” Perfect for the US and UK-because nothing says “I’m trusting a coin” like throwing in compliance as a joke.

Then he dropped the mic (because how else to end?) by claiming Zcash is a “pump and dump” ready to rug-pull. “Be careful out there,” he warned, like he’s our crypto mom. 🚨

Later, he gloated as Zcash plummeted 50%-“I hope your post survived the rug pull,” he joked, because who doesn’t want their investments to take a nosedive? 🐔ลง.

Quick disclaimer: “I have nothing against ZEC-it’s the OG private coin,” he says, like he’s trying to undo the damage. But then he ranks his favorites: Litecoin, Monero, Dash, and Zcash. Bottom of the barrel? Was this labeled in Sharpie?

His whole pitch relies on the fact that Litecoin’s MWEB lets you toggle privacy like a Netflix night-on when you need it, but with more math. McClurg says this is the way to go in the US or UK-probably because “compliant” sounds good in meetings.

When asked about Monero, he admits he hasn’t checked in since the Obama era-because crypto research is so 2018. Still, he gave it a shoutout for “pure privacy,” while noting it’s not compliant for US folks. Because nothing says “privacy” like breaking the rules.

Zcash tried to be the Goldilocks of privacy-partially private, part visible. But according to McClurg, the recent crash is all about bad actors playing with matches 🧨. The coin’s design? Still cool, but the market’s drama queen.

He wrapped it up by saying this “pump and dump” stunt shouldn’t “ruin the dream of privacy chains.” Because who better to trust than someone who clearly learned crypto from Twitter threads?

PS: As we go to press, ZEC is clinging to existence at $324. May the odds be ever in your bull market’s favor. 🌟

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2025-12-03 08:14