Leap Therapeutics Transitions into Cypherpunk, Focuses on New Zcash Strategy

Leap Therapeutics Rebrands as Cypherpunk Technologies

In a groundbreaking move, Leap Therapeutics, Inc., publicly traded under Nasdaq as LPTX, has announced a significant rebranding initiative. The company will now operate under the name Cypherpunk Technologies Inc. and will also unveil a new strategic direction focused on acquiring Zcash's native coin, ZEC. This shift not only symbolizes a new identity but also reflects a commitment to enhancing digital privacy through the adoption of cryptocurrency.

On November 12, 2025, Cypherpunk revealed its ambitious digital asset treasury strategy, which includes utilizing $50 million raised from a prior private placement to acquire 203,775.27 ZEC at an average price point of $245.37 each. In conjunction with this, the company is set to change its ticker symbol to CYPH, transitioning to this new identity on November 13. Investors will still have the ability to trade stocks under the previous symbol, LPTX, until that date.

Leadership Changes

To support its new trajectory, Cypherpunk has bolstered its leadership team with the appointment of Khing Oei as the Chairman of the Board and Will McEvoy as Chief Investment Officer. Both figures bring substantial experience, essential for guiding the company's future endeavors. Their appointments aim to optimize the company’s mission of creating long-term shareholder value through active engagement with Zcash.

Oei, who is well-versed in investment strategies across various markets, founded Treasury, which focuses on Euro-denominated Bitcoin. McEvoy, on the other hand, is involved with Winklevoss Capital, where he explores frontier technologies. Their combined expertise is expected to lead Cypherpunk in executing its digital asset treasury strategy effectively.

Douglas E. Onsi, President and CEO of Cypherpunk, expressed enthusiasm over the new appointments, stating that this restructuring paves the way for the company to advance its privacy-focused initiatives. As financial transactions increasingly migrate towards blockchain technology, he noted the crucial role of privacy enabled by Zcash.

Why Zcash?

The choice of Zcash as a focal asset is strategic. Launched in 2016 as a fork of Bitcoin, Zcash stands out for its implementation of zero-knowledge proofs (zk-SNARKs), which allow for transaction verification without revealing information about the participants or the transaction amounts. This innovative approach has influenced many blockchain projects while also positioning Zcash among top privacy coins, essential as privacy becomes an increasingly scarce resource in the digital age.

Cypherpunk recognizes Zcash as not just a cryptocurrency but as a tool for maintaining digital privacy, which is essential in protecting freedom of speech and expression in an ever-evolving digital landscape. The company argues that as privacy diminishes globally, technologies that safeguard it represent substantial future value.

Conclusion

With its new identity and expanded leadership, Cypherpunk Technologies Inc. is set to embark on a promising journey. The commitment to Zcash signifies a strategic understanding of the evolving cryptocurrency environment while underscoring an advocacy for privacy—a core principle that underlies the company’s operations. As they transition into this new model, the world will be watching how Cypherpunk navigates the interplay between innovation, privacy, and the financial ecosystem.

For more details on the company and its initiatives, visit Cypherpunk's website and explore their public filings with the SEC.