Zcash

5 months agoNews Editor

New Zcash Nonprofit Sovright Launches Argos Tool to Recover Stuck Funds from Legacy ZEC Wallet Lite

Sovright, the nonprofit successor to Zcash development company Electric Coin Company, has released a wallet recovery tool called Argos designed to help early Zcash users retrieve funds trapped in the deprecated ZEC Wallet Lite (discontinued in 2022). Sovright Executive Chair Michelle Lai stated that while the exact number of affected addresses is unknown, the loss is estimated to be "substantial" and primarily impacts long-time early adopters using specific shielded addresses. The tool marks a critical step in asset recoverability for the Zcash ecosystem.

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Zcash

5 months agoNews Editor

New Zcash Nonprofit Sovright Launches Argos Tool to Help Early Users Recover Funds Trapped in Legacy Wallet

Sovright, the nonprofit successor to Electric Coin Company, has unveiled Argos – a wallet recovery tool designed to help early Zcash users retrieve funds stranded in shielded addresses after the legacy ZEC Wallet Lite was discontinued in 2022. Executive Chair Michelle Lai stated the number of affected addresses is uncertain but the estimated losses are 'significant', primarily impacting early and long-time users. The tool addresses a long-standing compatibility issue within the Zcash ecosystem and highlights the role of nonprofit organizations in preserving on-chain asset accessibility.

2190

Bit.Fan