Neo Founders Clash Over Financial Transparency in 2025 Report

2026-03-03 21:16

Neo Foundation's 2025 financial report has sparked a dispute between co-founders Erik Zhang and Da Hongfei. Da Hongfei emphasized the foundation's evolution over 12 years, highlighting the report's depiction of Neo's current status and future direction. In contrast, Erik Zhang criticized the report for lacking transparency, particularly regarding non-Neo asset disclosures. He accused the foundation of embezzlement, questioning why proceeds from external investments were directed to the private company NGD.

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