Please stay away from privacy coins $ for now. In a surprising development today, January 8, 2026,

Please stay away from privacy coins at this time $ In a surprising development today, January 8, 2026,
the core development team of Zcash coin
{spot}(ZECUSDT)

announced their collective resignation from the company
Electric Coin Company (ECC). Here are the key details of this event:Collective Resignation: The entire core development team at ECC, responsible for
the development and maintenance of the Zcash protocol, has resigned.Reason:
Josh Swihart, the company's CEO, stated that the resignation was due to a severe administrative conflict with the Bootstrap organization (the nonprofit that oversees ECC). Swihart described the situation as "constructive discharge," pointing out that the board imposed changes in working conditions that made it impossible for the team to perform their duties with integrity.
Founder's Position: Zooko Wilcox, the founder of Zcash, expressed his trust in the Bootstrap board members, highlighting a divergence in perspectives between the founder and the current development team.