2026-01-08 16:30:06

The Zcash development team has experienced a major departure, with the market reacting with a sharp decline of over 18%

Yesterday, breaking news emerged that Josh Swihart, CEO of the core development team of Zcash ($ZEC), announced that the entire core development department has collectively left the jurisdiction of the Bootstrap board. This is not an ordinary personnel change—according to Josh himself, it was "forced."

What exactly happened? On one hand, the board unilaterally changed the employment terms; on the other hand, this behavior was legally defined as "constructive discharge." Simply put: the conditions were changed to the point where you couldn't tolerate them, forcing you to resign yourself.

The subsequent impact of this turmoil was immediate. The price of $ZEC dropped sharply, falling over 18% in the short term, and the market's reaction to the departure of the core development team was clearly negative. The development team is the soul of the project, and their collective departure is bound to raise concerns among investors about Zcash's future technological iterations and ecosystem development.

Currently, the movements of organizations like ECC (Electric Coin Company) within the Zcash ecosystem are still under observation. This incident also serves as a reminder to Web3 project teams of how important team stability and governance transparency are for the long-term development of a project.

ZEC-3,87%

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HashBrownies

· 01-11 12:59

ZEC has once again failed spectacularly. This governance is truly outrageous. Is this the decentralization you guys wanted, friends? The board's move is a textbook-level suicidal management. If the development team runs away, the project is doomed. This time, it's really going to fade away. Constructive dismissal? Sounds harsh, no wonder there's a mass resignation. An 18% drop is actually quite mild; I thought it would be worse. Who still cares about privacy coins now? This incident has completely exposed the internal issues of ZEC.

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CoffeeNFTs

· 01-11 00:42

ZEC this wave is truly a suicidal move, has the board gone crazy? Another classic example of internal team conflicts destroying the project, that's Web3 for you. An 18% drop, and this is just the beginning... The development team has all left, who will do the iterations? Honestly. The board is playing with fire, and only after the flames are licking their eyebrows do they regret it. Privacy coins are inherently hard to develop, and another big shake-up would be truly devastating. The entire incident exposes the chaos in Web3 governance, quite lamentable. Is there still hope for ZEC, everyone? Seriously asking. This is the cost of centralization, and the most ironic part is that it's a privacy coin project.

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ImpermanentSage

· 01-09 23:48

zec is really done for now. The board is playing the game of constructive dismissal, core developers have all left, and the 18% drop indicates that the market has also understood.

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AirdropAutomaton

· 01-08 19:35

Once again, the board is passing the buck, the development team was forced to leave, and this wave of zec is truly over. --- The privacy coin path is becoming increasingly difficult; with people leaving, what’s there to talk about in terms of iteration? --- An 18% drop isn’t a big deal; the key is how to restore trust once it’s gone. --- Josh directly said he was forced out; this board is really terrible, the governance of Web3 projects is this bad. --- Wait, will ecc also follow suit? Is this heading towards disintegration? --- Last year, they were still promoting the privacy track, now the team is gone, it’s hilarious.

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CryptoSourGrape

· 01-08 16:58

If I hadn't been blown away by ZEC's privacy features back then, I wouldn't feel so bad now...

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DogeBachelor

· 01-08 16:53

Another project team is being pushed to the limit, truly incredible. --- This round of ZEC directly gave a big gift to the bears. --- Changing the conditions for the board of directors to force resignations, this method is a bit ruthless. --- The core team all ran away together, who would still dare to touch this coin? --- An 18% drop indicates that the market has finally seen through it; projects without a development team can do nothing. --- Constructive discharge, legally it's not tenable, yet they still have the nerve to use it. --- ECC should now take over, but I wonder if these people are reliable. --- Why do so many projects keep destroying themselves? I just can't understand. --- The CEO who jumped ship said they were forced out; I actually believe it. --- Looking at this incident, we really need to reflect on the Web3 governance structure.

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PerpetualLonger

· 01-08 16:52

Is it the Air Force causing trouble again? An 18% drop—what's that? I've already increased my position three times, and this is the last chance to bottom fish.

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StopLossMaster

· 01-08 16:41

This is the crypto world, where poorly managed projects are doomed Another case of a board killing itself How does ZEC seem to be cooling down more and more? Privacy coins are inherently hard to succeed in The development team has all left, who will write the code then? Constructive dismissal haha, this move is really ruthless, forcing people to resign voluntarily An 18% drop isn't a big deal, but the key is that confidence is gone Is ECC still around? It feels like the ZEC ecosystem is about to change This board really has a problem with their thinking, why force the core team to leave? Honestly, a project without development is just an empty shell, who would dare to take over? Web3 governance issues will never learn their lessons

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PebbleHander

· 01-08 16:31

It's the same old boardroom tricks again; ZEC has finally gotten into trouble this time. Did the core developers all leave? That shows Bootstrap really messed up; no wonder it’s fallen so badly. This kind of "constructive discharge" operation, anyone would leave, there's nothing more to say. The hole in ZEC is getting bigger and bigger; the future of privacy coins is also in question. If ECC also doesn't step in, ZEC will really be finished. Web3 is like this—poor governance kills projects, no surprise there. Josh and the others are right; better to leave than be abused like this. An 18% drop is probably just the beginning; there’s more to come. This serves as a reminder to all crypto friends: when choosing projects, you must consider the team’s stability; otherwise, prepare to cut losses. No matter how strong ZEC’s privacy features are, they can't save this mess.

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