Conflict with the management, Zcash developers collectively quit to start a new company

CEO Josh Swihart announced that he and the entire Zcash development team have resigned.

The reason is that working conditions have changed in a direction contrary to the project's mission. The development team is now establishing a new company to continue developing Zcash independently.

Although Swihart reassured that the Zcash protocol will not be affected, this drama has caused the price to plummet nearly 20% from $ZEC .