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Masao Fast News
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BearishZCASH LOSES CORE DEVELOPMENT TEAM DUE TO GOVERNANCE CRISIS
🔹 The entire Electric Coin Company (ECC), the core development team of Zcash, has collectively left after allegations that the Bootstrap governance organization created working conditions forcing them to resign, which under U.S. labor law is referred to as constructive discharge
🔹 Bootstrap does not directly invest in Zcash but plays a role in managing and allocating funds within the ecosystem, primarily from block rewards and development funds, then distributing budget to ECC for operations
🔹 Former CEO Josh Swihart stated that the Bootstrap leadership had strayed from Zcash's original mission, making it impossible for the team to continue working transparently and ethically
🔹 The former ECC team plans to establish a new company to continue pursuing the goal of building a private, uncontrolled currency, while affirming that the Zcash protocol remains technically unaffected and there is currently no clear roadmap for supporting Zcash or launching a new token
🔹 Zcash's founder, Zooko Wilcox, confirmed the dispute is solely about governance; Zcash remains open-source, secure, and operational
🔹 Amid the instability, ZEC's price has dropped approximately 18 percent from the beginning of 2026, despite having previously surged over 800 percent in 2025 due to demand for anonymous assets
$ZEC
$BREV
$ZKP
🔹 The entire Electric Coin Company (ECC), the core development team of Zcash, has collectively left after allegations that the Bootstrap governance organization created working conditions forcing them to resign, which under U.S. labor law is referred to as constructive discharge
🔹 Bootstrap does not directly invest in Zcash but plays a role in managing and allocating funds within the ecosystem, primarily from block rewards and development funds, then distributing budget to ECC for operations
🔹 Former CEO Josh Swihart stated that the Bootstrap leadership had strayed from Zcash's original mission, making it impossible for the team to continue working transparently and ethically
🔹 The former ECC team plans to establish a new company to continue pursuing the goal of building a private, uncontrolled currency, while affirming that the Zcash protocol remains technically unaffected and there is currently no clear roadmap for supporting Zcash or launching a new token
🔹 Zcash's founder, Zooko Wilcox, confirmed the dispute is solely about governance; Zcash remains open-source, secure, and operational
🔹 Amid the instability, ZEC's price has dropped approximately 18 percent from the beginning of 2026, despite having previously surged over 800 percent in 2025 due to demand for anonymous assets
$ZEC
$BREV
$ZKP
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