The blockchain mission Neo is making headlines due to a fierce incompatibility that has erupted among its co-founders.
Erik Zhang, with out a doubt one of Neo’s co-founders, accused Da Hongfei, the synthetic co-founding father of the mission, of failing to uncover the Neo Basis’s (NF) funds transparently and demanded a fat, verifiable financial file.
Zhang moreover stated that Da Hongfei will withdraw from Neo mainnet work as of January 1, 2026, transferring his focus to the NeoX and SpoonOS projects.
Da Hongfei spoke back sharply to the allegations. Arguing that Zhang successfully controls an awesome a part of Neo’s treasury and consensus energy, Da maintained that a blockchain mission can’t be managed “below the tutelage of a single person.” Fixed with Da, there win lengthy been requires NEO/GAS resources to be transferred from Erik Zhang’s private help a watch on to the Neo Basis’s multisig wallets; on the other hand, this transfer has been steadily delayed by Zhang.
Da Hongfei made the next assertion:
“It’s ironic to listen to a question for ‘financial transparency’ from somebody who controls the majority of the Neo treasury, directs the votes of consensus nodes, and doesn’t hesitate to seize help a watch on of the protocol on the expense of the community and token holders.”
Da Hongfei stated the reason he hadn’t introduced the subject public till now used to be to defend community belief and carry out region for an neat solution. Alternatively, he argued that this silence used to be misunderstood and that he now had to explain out. “Neo is my notion, and I will never abandon this community,” he stated.
Da Hongfei launched that the Neo Basis’s financial file for the stay of 2025 will most seemingly be published in the first quarter of 2026. He added that preliminary figures will most seemingly be shared as significant as imaginable till then. Alternatively, he stated that this step will not be seen as a “concession” to Erik Zhang’s framing of the subject; reasonably, this can help as a “arrangement” revealing the attach the resources are surely positioned.
*Right here’s no longer investment advice.
