🔎[Analysis] Don’t trust, verify: A Bitcoin Private case study - Coinmetrics

According to research from Coinmetrics, the total supply of Bitcoin Private ($BTCP) is 2.04 million BTCP higher than what has been publicly stated. When BTCP, which is a fork-merge of Bitcoin ($BTC) and ZClassic ($ZCL), was created additional units were covertly minted during the import of the Bitcoin UTXOs and sent to the BTCP shielded pool, bringing the initial supply to 22.6 million compared to the ~20.4 million announced by the team. Coinmetrics shows that a large number of tokens later moved from the shielded account but due to the privacy features of the blockchain it remains unknown what happened with the additional supply.