Ex-Zcash devs launch tool to recover funds from defunct wallet

Sovright, a non-profit organization founded by former members of Zcash core developer Electric Coin Company (ECC), has launched a wallet recovery tool named 'Argos' to support early Zcash users. The tool was developed to help users recover assets that became inaccessible in shielded addresses following the discontinuation of the ZEC Wallet Lite service in 2022. Sovright Chair Michelle Lai explained that users who possess the mnemonic phrase for their original wallet can recover their funds using Argos. While the exact number of affected addresses is difficult to determine, it is estimated that a significant amount of funds is locked, primarily belonging to early and long-term Zcash investors.