Entire Zcash development team quits Bootstrap amid governance dispute

Beincrypto reports the entire Electric Coin Company (ECC) development team, the core developers of Zcash (ZEC), has left Bootstrap after alleging they were constructively discharged by the nonprofit that governs ECC. Bootstrap, a 501(c)(3) formed in 2020 to govern ECC and support the Zcash ecosystem, is at the centre of the dispute.

Former ECC CEO Josh Swihart announced the team’s exit on X, saying a majority of the Bootstrap board — naming Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai (referred to as ZCAM) — had “moved into clear misalignment with the mission of Zcash” and that the team left after being “constructively discharged” by ZCAM.

Constructive discharge, the article notes, occurs when working conditions are made so intolerable that a reasonable employee would feel compelled to resign. Swihart said the departing team plans to found a new company focused on “building unstoppable private money,” and he stressed the dispute concerns governance rather than the protocol itself.

Key Topics

Crypto, Electric Coin Company, Zcash, Bootstrap, Josh Swihart, Zaki Manian