Zcash Core Team Resigns from Electric Coin Company After Governance Clash as ZEC Drops 7%

On January 7, 2026, Zcash’s entire core development team resigned from Electric Coin Company after weeks of conflict with a majority of the Bootstrap board over what they alleged was malicious governance. The departing group, led by CEO Josh Swihart, plans to launch a new independent company to keep working on privacy-preserving digital money, while the ZEC price briefly fell about 7% and traded near $455 on heavy volume.