ChainThink report, December 31: Neo co-founder and core developer Erik Zhang published a statement accusing NEO founder Da Hongfei of failing to fulfill financial disclosure commitments. Erik Zhang stated that, according to a clear agreement reached during their most recent phone conversation, Da Hongfei will focus exclusively on the operations and development of NeoX and SpoonOS starting January 1, 2026, and will no longer be involved in any matters related to the main Neo network. He called on Da Hongfei to immediately release a comprehensive and verifiable financial report to the community, including a detailed inventory of all assets managed by the Neo Foundation (NF) and full expenditure records, to address long-standing legitimate concerns regarding transparency and governance.

In response, NEO founder Da Hongfei posted a rebuttal stating that Erik Zhang controls the vast majority of Neo funds, wields influence over consensus node voting, and has unhesitatingly hijacked the protocol at the expense of the community and token holders. He previously urged Erik Zhang to transfer his NEO/GAS tokens from personal custody into the foundation’s multi-signature address—while Da Hongfei himself remains a keyholder—but Erik Zhang has consistently delayed this process with excuses.