Bootstrap details Zcash governance rift over nonprofit limits and plans for Zashi wallet

Bootstrap, the nonprofit supporting Zcash, attributed a recent governance conflict and board departures to legal constraints on raising external capital under its 501(c)(3) structure, after Electric Coin Company chose to spin out into a separate firm. The dispute focused on potential outside investment and privatization options for the Zashi self‑custodial wallet, while ZEC’s price dropped about 16% over 24 hours as large holders and new wallets accumulated millions of dollars’ worth of tokens.