$ZEC 🔹 BREAKING: The entire development team behind privacy crypto Zcash (ZEC) — the Electric Coin Company (ECC) — has resigned en masse after a governance dispute with the nonprofit Bootstrap that oversees the project. �

CoinDesk +1

🔹 What happened:

• ECC’s leadership says changes by the Bootstrap board made it impossible to work effectively and with integrity, framing the exits as a constructive discharge. �

• The departing team plans to start a new company to continue building privacy technology. �

BeInCrypto

The Block

🔹 Market reaction:

• ZEC’s price fell sharply — dipping as much as ~20% — as uncertainty over future development rattled investors. �

• Competing privacy coins (like Monero) have seen renewed attention amid the turmoil. �

DL News

CoinMarketCap

🔹 Important note:

• The Zcash protocol itself remains open-source and operational — there’s no immediate technical failure in the network. �

CoinNews

📌 Bottom line: A major governance clash has triggered a mass dev exodus and price volatility in the Zcash ecosystem — but the tech still runs, and a new team aims to keep building.

#zcash #ZEC #ECC #CryptoNewss #PrivacyfocusedBlockchain #BlockchainGovernance #CryptoMarkets