Trusted-Setup

• The ZK Math Was Fine. The Ceremony Was Never Finished. March 28, 2026

  Veil Cash and FoomCash became the first confirmed live exploits of deployed ZK cryptography in production. The flaw wasn't a broken proof -- it was a trusted setup ceremony that was never completed. FoomCash lost $2.26 million to an attacker who read a post-mortem and executed.