According to Foresight News , Neo founder and core developer Erik Zhang has accused Neo founder Da Hongfei of failing to fulfill his promise to disclose relevant financial reports to the public. He is calling on Da Hongfei to release a complete and verifiable financial report to the community, including a detailed list of all assets managed by the Neo Foundation (NF) and a breakdown of all expenditures. Furthermore, Erik Zhang stated that, according to a clear agreement reached during their most recent phone conversation, Da Hongfei will focus on the operation and development of NeoX and SpoonOS from January 1, 2026, and will no longer be involved in matters related to the Neo mainnet.
In response, Da Hongfei stated that Erik Zhang controls the vast majority of Neo's funds and influences consensus node voting. He further explained, "A blockchain project cannot be controlled by one person. For years, I have urged Erik (Neo's founder and core developer) to transfer NEO/GAS tokens from his personal custody to NF's multi-signature address—while he retains the key holder status. However, he has always made excuses to delay this process. Recently, he told me that the transfer would be completed around the time of the N3 migration. Previously, I avoided publicly mentioning this matter to maintain public trust and to allow for an orderly resolution. I remained silent because I hoped he would keep his promise. Now, my restraint has been misunderstood. I should have done so much sooner."
