CEO Josh Swihart confirmed that the entire group plans to form a new company to continue advancing Zcash’s goals.
Swihart explained that disagreements had grown between ECC and several Bootstrap board members, Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai.
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He added that the split came after changes to employment terms that made it difficult for the ECC staff to continue their work.
Swihart said:
Yesterday, the entire ECC team left. The terms of our employment were changed in ways that made it impossible for us to perform our duties effectively and with integrity.
According to him, the decision was to protect the team’s independence and stay true to Zcash’s original purpose. Despite the separation, Swihart noted that the Zcash protocol itself remains stable.
Former ECC CEO Zooko Wilcox, who stepped down in 2023, defended the Bootstrap board in a post on X. He said he had known the board members for years and considered them trustworthy.
Wilcox wrote, “I’ve worked closely with Alan Fairless, Zaki Manian, and Christina Garman for more than 10 years, and with Michelle Lai for about 5 years”.
Wilcox also reassured the Zcash community that the cryptocurrency would continue operating as usual.
Meanwhile, Canaan and Bitforest are running a two-year pilot in Manitoba to reuse the heat from Bitcoin mining for greenhouse operations. What did Canaan chair and CEO Nangeng Zhang say? Read the full story.
