TechFlow news, January 1st, regarding the recent governance dispute between NEO's two founders, Da Hongfei and Erik Zhang, Erik Zhang has disclosed NEO's governance structure and account status, announcing his return to the NEO mainnet for comprehensive management to safeguard the rights of NEO/GAS holders. Key facts:
- Asset transparency situation: The main NEO and GAS assets of the NEO Foundation are distributed across 21 initial node addresses and one multi-signature wallet, which can be audited in real-time by the global community. Approximately 8 million NEO/GAS have been transferred to a multi-signature address designated by Da Hongfei. Erik Zhang stated that other assets held by the foundation (BTC, ETH, etc.) are under Da Hongfei's personal control and are in a "black box" state.
- Core dispute: Erik Zhang pointed out that Da Hongfei plans to use NEO Foundation resources to launch a new project called EON and issue tokens. Erik Zhang believes this move involves conflicts of interest and may dilute the value of the NEO ecosystem.
- Strategic adjustment: Erik Zhang has decided to return to mainnet management and strengthen the governance structure. The NEO Foundation stated that the dispute will not affect daily operations, and the financial report will be released in Q1 2026.
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