Odaily Planet Daily reported that Sovright (the formally established non-profit successor organization related to the Zcash R&D formerly associated with Electric Coin Company) officially released a wallet recovery tool called “Argos,” designed to help early Zcash users recover funds that have been “stuck” due to the discontinuation of maintenance for the 2022 old version of the ZEC Wallet Lite.

Sovright's executive board chairperson, Michelle Lai, said that Argos can restore affected assets as long as users still hold the old wallet mnemonic phrases. However, because only specific shielded addresses are involved, the affected amount cannot be precisely determined, though it is estimated to be “significant,” mainly concentrated among early long-term holders. She said the issue is one of the community’s long-standing “technical pitfalls” that, while not very noticeable, continues to erode users’ trust.