Overview
- CEO Josh Swihart said board-imposed employment changes made normal work impossible and called the exit a constructive discharge.
- He identified Bootstrap directors Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai as the majority he says misaligned with Zcash’s mission.
- The departing developers plan a new venture focused on “unstoppable private money” to continue privacy-first work.
- Zooko Wilcox defended the Bootstrap board and asserted Zcash remains permissionless, secure, and safe to use.
- Market data showed ZEC down about 10% to roughly $443 on the news, reflecting investor uncertainty about governance and continuity.