Neo Founder Fallout: Da Hongfei Accused of Failing to Fulfill Financial Disclosure Promise, Erik Accused of Misappropriating Foundation Funds
Prefer us on Google
BlockBeats News, December 31st, Neo Co-Founder and Core Developer Erik Zhang accused NEO Founder Da Hongfei of failing to fulfill the commitment to financial disclosure. Erik Zhang stated that based on a clear agreement reached in a recent phone call, starting from January 1, 2026, Da Hongfei will focus on the operation and development of NeoX and SpoonOS, no longer involved in any matters related to the Neo mainnet, and called on Da Hongfei to immediately make a complete and verifiable financial report public to the community, including a detailed list of all assets managed by the Neo Foundation (NF) and a breakdown of all expenditures to address the community's long-standing concerns about transparency and governance.
NEO Founder Da Hongfei responded in a post, stating that Erik Zhang controls the vast majority of Neo funds, manipulates consensus node voting, and is willing to hijack agreements at the expense of the community and token holders' interests. He had urged Erik to transfer NEO/GAS tokens from his personal custody to the foundation's multisig address — he still retains the key holder status. However, Erik Zhang always finds excuses to delay this process.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
The cryptocurrency derivatives trading platform Liquid has completed a $18 million Series A financing round, led jointly by Neo and Left Lane Capital
Tron Industry Weekly Report: Risk aversion intensifies but Strategy increases BTC holdings, detailed explanation of the Agent payment protocol PAN Network based on x402 and ERC-8004
Key Market Information Discrepancy on March 4th — A Must-Read! | Alpha Morning Report
Da Hongfei: Agreed with Zhang Zhen's suggestion to end the debate and will release a preview of the financial report by February 15
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
Da Hongfei Responds to Zhang Zheng's Accusations: Distorting Facts, Only Telling Half the Truth
Left Hand BTC, Right Hand AI Computing Power: The Gold and Oil of the Data Intelligence Era
Zhang Zhenning: Short-term Controversies Will Eventually Pass, Focus on Neo's Ongoing Construction and Long-term Development
Neo Foundation: Financial Report Scheduled for Q1 2026 Release, Co-founder Dispute Not Impacting Daily Operations
The Fintech 4.0 era is approaching, and a deep understanding of users will become a core competitive advantage
From Ballet Dancer to the Youngest Female Billionaire: How She Built the Hundred Billion Empire Kalshi
Predictive Market Platform Kalshi Raises $1 Billion in Funding, Led by Sequoia and CapitalG
DeFi's Self-Sovereign Identity: Reshaping Finance with AI
Ripple and SBI Team Up for RLUSD Stablecoin Launch in Japan by Early 2026
Latest Crypto Market Snapshot as of August 22, 2025 BTC Soars to $115,250.00 ETH Hits $4,450.75 XRP Climbs…
Interpretation of Selling Pressure from the Transfer of 308,884 HYPE
800 Billion Won Investment: The Challenge of 'App Integration' for Hanwha Investment & Securities and Coinone
Bitcoin Breaks Above $70,000, Lifting Crypto Financial Stocks | WEEX TradFi Daily (August 20, 2026)
Expanded U.S. Treasury long-bond buybacks helped pull yields lower and supported a modest rebound in risk appetite, with the major indexes closing slightly higher. At the same time, Bitcoin briefly rose above $70,000 and lifted crypto-linked equities, while positive Phase 3 vaccine data from Merck and Moderna pushed healthcare and biotech stocks higher. SK Hynix’s large-scale buyback also kept attention on the storage cycle and AI-related demand. Markets are continuing to digest the relatively hawkish Fed minutes while positioning ahead of earnings from Alibaba and Walmart.
Budget 2027: Bercy Tightens the Belt on All Ministries Except Defense
CLARITY Act rush could derail deal, Gallego says
$190 Billion in 24 Hours: What's Really Driving Bitcoin and Ethereum's Biggest Rally of the Summer
Bitcoin and Ethereum surged in a historic 24-hour rally that added $190 billion to the crypto market and triggered $2.98 billion in liquidations. Here's what Treasury buybacks, a massive short squeeze, and new SEC rules mean for traders on WEEX.
Wall Street Morning Briefing: Besant Presses Long Bond 'Stop Loss' Button, Gold and Bitcoin Surge; Moderna Ignites Pharma Bull Market, AI Momentum Stocks Liquidated
Full Speech by Wang Xingxing at the 2026 World Robot Conference: Embodied Intelligence of ChatGPT Will Arrive in Two to Three Years at the Fastest
Arthur Hayes: Waiting for Fed Signals to Reload for the Crypto Bull Market
AI agents could make today's billion-dollar crypto hacks look like 'pennies,' industry leaders warn
Surge in AI Debt Financing in the U.S. May Draw Market Attention in September
White House Meeting Overview: What Did Trump Say?
Is Venture Capital Dead? A "Letter of Advice" to All Soon-to-be Obsolete Fund Managers
China Expands Digital Yuan Operating Network to 30 Institutions, Adding 8 Local Banks
Tipping in the United States: Customs and Suggested Amounts to Avoid Overspending
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
The cryptocurrency derivatives trading platform Liquid has completed a $18 million Series A financing round, led jointly by Neo and Left Lane Capital
Tron Industry Weekly Report: Risk aversion intensifies but Strategy increases BTC holdings, detailed explanation of the Agent payment protocol PAN Network based on x402 and ERC-8004
Key Market Information Discrepancy on March 4th — A Must-Read! | Alpha Morning Report
Da Hongfei: Agreed with Zhang Zhen's suggestion to end the debate and will release a preview of the financial report by February 15
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
Contents
Latest articles
Latest coin listings on WEEX
