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ZC, a memecoin project inspired by a novel by Ethereum co-founder Vitalik Buterin, announced it is shutting down after a security breach. The project said Railway notified it on Oct. 21 that its entire codebase, credentials and private keys had been compromised. It said it later tried to migrate and replace the credentials but was unable to secure a safe way to keep operating. According to GMGN, ZC has plunged more than 90% over the past 24 hours, leaving its market capitalization under $300,000.