The core development team of Zcash (ZEC) has left the Electric Coin Company (ECC) to establish a new for-profit entity, CashZ. This move follows a divergence in governance direction with Bootstrap, the nonprofit overseeing ECC. The team, led by former ECC CEO Josh Swihart, aims to enhance Zcash's scalability and commercialization through CashZ, focusing on developing Zcash wallets. The transition has sparked controversy, with Bootstrap warning of potential legal and political risks. Following the announcement, Zcash's price fell by approximately 20%, reflecting market concerns over the team's departure.