Bootstrap: The Zcash development team collectively resigned due to legal restrictions faced while seeking external investment

In response to the collective departure of the Zcash development team, the nonprofit organization behind the project, Bootstrap, clarified that the governance disputes leading to the departure of team members stemmed from legal restrictions faced while seeking external investment. Discussions have been held regarding "alternative structures for external investment and the privatization of Zashi," while collaborating with legal advisors to ensure that any path forward complies with U.S. nonprofit laws, aligns with Zcash's long-term mission, and does not jeopardize the broader Zcash community.