$ZEC fell nearly 16% after the entire Electric Coin Company (ECC) development team resigned amid a governance dispute.
Developers cited “constructive discharge,” saying changes imposed by the oversight board made continued work unviable.
The #zcash network remains operational, but the sudden leadership vacuum triggered investor uncertainty, not a technical failure.
#zec started gaining momentum in the last 24hr to be back above $409 but it is still behind monero token $XMR that became #Privacy coin number 1. #WriteToEarnUpgrade