Neo Foundation Co-Founders Dispute Over Treasury Control
- Neo co-founders’ disagreement over financial transparency.
- Daily foundation operations remain unaffected.
- Financial report release scheduled for Q1 2026.
The Neo Foundation and NGD operations remain unaffected by the co-founder controversy. Financial transparency issues between Erik Zhang and Da Hongfei, while contentious, have not disrupted ongoing developments, with a financial report expected in Q1 2026.
This dispute among Neo’s leaders underscores substantial transparency issues and could influence investor confidence, despite no immediate operational impact or market disruption.
Neo Foundation co-founders Erik Zhang and Da Hongfei are disputing control over treasury and financial disclosures. Both have publicly exchanged accusations, but confirm that the foundation’s operational and development activities will continue as normal.
In their disagreement, Zhang accused Hongfei of inadequate financial disclosure, leading to community concerns. Meanwhile, Da Hongfei pointed to Zhang’s control over Neo’s treasury and consensus voting as problematic.
Market analysis shows that Neo and GAS token prices remain relatively stable. However, there is a growing demand from the community for transparent financial audits. No changes in funding allocations have been reported.
Developments in this controversy reflect on historical governance issues in the blockchain space, highlighting the need for audits. Such disputes underscore calls for better transparency to maintain stakeholder confidence.
Projections suggest potential regulatory interest if transparency issues persist. Analysts emphasize the importance of resolving financial control matters to foster network stability and investor trust in cryptocurrency projects.
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