News

On January 1, news reported that NEO's two major founders, Erik Zhang and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Erik Zhang stated that he will return to the Neo mainnet for comprehensive management to safeguard the core rights of NEO/GAS holders. Meanwhile, Erik Zhang disclosed the current NEO governance structure and the status of accounts under management. Erik Zhang said that currently, the vast majority of NEO and GAS assets of the Neo Foundation are publicly distributed across 21 initial node addresses and one multi-signature wallet. Previously, during Da Hongfei's request for him to step down from foundation management, approximately 8 million NEO/GAS tokens were transferred to multiple multi-signature addresses designated by Da Hongfei as requested. Apart from the aforementioned transparent NEO/GAS, all auxiliary assets held by the Neo Foundation (including but not limited to BTC, ETH, and other ecosystem project tokens) are currently under Da Hongfei's personal actual control. Erik Zhang stated that these assets have remained in a "black box" state for many years, and Da Hongfei has yet to provide any verifiable financial statements, asset lists, or audit certificates.

BlockBeats News, January 1st. The two co-founders of NEO, Erik Zhang and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Erik Zhang stated that he would return to fully manage the Neo mainnet to defend the core rights of NEO/GAS holders. At the same time, Erik Zhang disclosed the current NEO governance structure and the status of the accounts: On-chain Transparent Assets (NEO/GAS): Protocol-level Transparency: Currently, the majority of NEO and GAS assets of the Neo Foundation are publicly distributed among 21 initial node addresses and 1 multisig wallet. Asset Flow Explanation: Previously, during Da Hongfei's request for Erik Zhang to step down from foundation management, approximately 8 million NEO/GAS tokens were transferred to multisig addresses designated by Da Hongfei, as per his request. Internal Payment Standard Operating Procedure (SOP): To ensure the compliance of core asset usage, a strict four-step process has always been followed: (1) NGD submits a budget proposal (2) Da Hongfei approves (3) Erik Zhang is responsible for technical payment execution (4) Financial recording. This process exists to ensure procedural fairness for every core expenditure. Opaque Assets (Risk of non-NEO/GAS assets): Sole Control: Apart from the transparent NEO/GAS mentioned above, all auxiliary assets held by the Neo Foundation (including but not limited to BTC, ETH, and other ecosystem project tokens) are currently under the personal control of Da Hongfei. Lack of Audit: Erik Zhang stated that these assets have been in a "black box" state for many years, and Da Hongfei has yet to provide any verifiable financial statements, asset lists, or audit evidence.

ChainCatcher News, according to Arkham data, at 12:11 (UTC+8), 5,000 ETH (worth approximately $14.87 million) were transferred from an anonymous address (starting with 0x9d7C...) to brysub.eth.