Conflict with the board leads Zcash developers to resign and form a new company
CEO Josh Swihart announced that he and the entire Zcash development team have stepped down from their positions.
The decision reportedly stems from changes in working conditions and direction that no longer align with the project’s original mission.
The development team is now in the process of establishing a new company to continue developing Zcash independently.
Although Swihart reassured that the Zcash protocol itself will not be affected, the internal turmoil has shaken market confidence, causing ZEC to drop nearly 20%.
ZECUSDT
Perp
240.32
+1.79%