BlockBeats News, January 26th, NEO founder Da Hongfei responded to NEO co-founder Erik Zhang’s accusation: “This is a distortion of the facts. The mechanism you explicitly proposed today is ‘every transaction and all spending must be approved by me’ (your words). This is not a mechanism but a replication of NF’s treasury dictatorial management. My words were: ‘Starting this year, NF and NGD will release financial reports in the first quarter of each year to increase transparency and provide more details based on past reports.’
I have already informed you that you (and other community members) will be authorized to publish news and blogs on neo.org, and I also privately stated that Neo’s X account will be entrusted to you for posting content and building followers for your new initiatives. You have repeatedly used this ‘half-truth’ tactic. In the future, we should record all conversations.
For the sake of transparency, I proposed, and you agreed, to have transactions between the NF treasury managed by you and NGD. The first batch of transactions amounted to $1 million, executed at the spot price. I also clearly stated the motives: to increase NGD’s stake to align interests and provide you with operating funds to drive the development of the Neo mainnet. I have always been very clear that I only pursue ‘limited cooperation.’ We still share a common goal—the growth and revitalization of Neo. Cooperation in areas of agreement and independent progress where there are disagreements is the only way to resolve the governance deadlock Neo has faced in recent years. Please do not distort my words.”
Earlier, Zhang posted, “Just finished a meeting with NEO founder Da Hongfei. The result is neither surprising nor pleasant. He proposed so-called ‘limited cooperation,’ but did not provide any substantive content on any key issues. I have clearly put forward three minimum requirements: establish an effective and verifiable financial supervision and management mechanism; abandon the EON project, a new project directly competing with NEO; authorize me to post information through the official website and official X (Twitter) account. The above three requirements have been explicitly rejected. Given that under his leadership, NEO has been declining continuously over the past few years, I formally call on Da Hongfei to resign from his leadership position in the NEO ecosystem.”
