Neo Co-Founders Clash Over Foundation Transparency and Control
- Erik Zhang and Da Hongfei, co-founders of Neo, are publicly disputing the financial management of the Neo Foundation.
- Zhang accuses Hongfei of not fulfilling commitments to public financial disclosures and suggests a leadership change.
- Hongfei counters that Zhang controls the majority of Neo’s treasury and consensus votes, creating network risks.
- Zhang alleges Hongfei started a new blockchain project, EON, after excluding him from leadership.
- Hongfei refutes these claims, asserting that NEO and GAS have consistently been the foundation’s main assets.
- Zhang promises to release a comprehensive financial report by Q1 2026 to clarify asset management issues.
The ongoing dispute between Erik Zhang and Da Hongfei highlights concerns over transparency within the Neo Foundation. With accusations of mismanagement and conflict of interest, both parties await further clarity from an upcoming financial report. The situation underscores governance challenges in community-driven blockchain platforms like Neo.
Source (3.2)https://cryptobriefing.com/neo-founders-transparency-clash/?rand=59535
