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Did the privacy coin Zcash $ZEC , which recently surged against the trend, get "RUG"ed by its employees?
Supporting $ZEC 's Electric Coin Company (ECC), the entire team, including the CEO, collectively resigned.
The reason given was a fallout with the Bootstrap board, and the CEO called it a "constructive dismissal."
It is said that the board changed the rules of the game, and the development team felt they couldn't continue.
After resigning, these people plan to start anew and continue working on their "privacy coin."
The same people, the same mission, just a different company name.
Although the Zcash protocol itself is open-source and won't stop, losing the original team casts doubt on future development.
After the news was released, $ZEC immediately dropped 20%...