According to U.Today, the use of community grants by Zcash Community Grants (ZCG) has sparked controversy. Its Zcash Adoption Pool project, which supports refugees and other groups with limited access to banking services, was challenged by a whale user named "big z," who publicly announced the sale of all their ZEC holdings. The report states that developer Sean Bowe called for an adjustment to ZCG's funding arrangements, investor Naval Ravikant expressed support, and Gemini co-founder Tyler Winklevoss also criticized the grant governance approach. The statement regarding the sale of holdings was a public announcement by the whale user, and the report did not provide proof that all transactions have been completed.