NEO co-founders dey quarrel over di foundation treasury, governance and transparency
NEO co-founders Erik Zhang and Da Hongfei don dey for public palava about who get control, custody and financial transparency for Neo Foundation assets. Zhang talk say e go resume full management of the Neo mainnet to protect NEO and GAS holders, and e expose say most NEO/GAS wey link to the foundation dey openly spread across 21 initial node addresses and one multisig wallet. E claim say about 8 million NEO/GAS don move into multisig addresses earlier on Da request and say auxiliary assets (BTC, ETH and other ecosystem tokens) dey under Da personal control like "black box" without verifiable reports, audits or asset lists. Zhang dey demand full, verifiable breakdown of foundation assets and promise say end-of-2025 financial report go publish early Q1 2026. Da Hongfei respond say Zhang get supermajority of NEO and GAS, dey dominate treasury and consensus voting, and warn say concentrated token control fit risk network security; he say na im push make dem put NEO and GAS for foundation-managed multisig custody and deny Zhang claims, including matter about separate project (EON). The dispute center on governance, custody model (single-control vs multisig) and disclosure practices for NEO and GAS and follow recent technical moves like NeoX (EVM-compatible sidechain) and the N3 upgrade. For traders, the conflict mean short-term uncertainty around trust and governance of NEO, possible coordination risks in staking/consensus, and likely volatility before the promised financial disclosures.
Bearish
Di dispute dey directly concern control and transparency of NEO and GAS — di network governance and utility tokens — and e dey expose concentrated token control and undocumented auxiliary assets. Such governance conflicts normally dey reduce investor confidence and fit trigger sell pressure or lower staking participation for short term. Di lack of auditable asset disclosures and public accusations between founders dey increase counterparty and centralization risk, raising di perceived governance risk premium. For near term, expect higher volatility and bearish bias for NEO price until verifiable disclosures or authoritative resolution reduce uncertainty. For medium to long term, if Zhang deliver im promised verifiable financial report and clearer multisig custody arrangements, confidence fit recover; otherwise, prolonged conflict or proof say assets been mismanaged go keep downward pressure and fit reduce network participation.