🚀 Neo Foundation Prepares Contingency Plans Amid Market Volatility
#NeoFoundation #MarketVolatility #ContingencyPlans #DaHongfei #ForesightNews #NEO
According to Foresight News, Neo Foundation founder Da Hongfei has announced that the organization is preparing contingency plans to address the ongoing market volatility. The move comes as the market continues to experience fluctuations, prompting the foundation to take proactive measures to safeguard its interests and operations.#NeoFoundation #MarketVolatility #ContingencyPlans #DaHongfei #ForesightNews #NEO
🚀 Neo Founders Clash Over Financial Transparency and Project Control
#Neo #Blockchain #FinancialTransparency #ProjectControl #ErikZhang #DaHongfei #NeoFoundation #ConsensusNode #NEOGAS #BlockchainGovernance #FinancialReport #Crypto #GAS
According to Foresight News, Erik Zhang, founder and core developer of Neo, has accused fellow founder Da Hongfei of failing to fulfill his promise to publicly disclose financial reports. Zhang has called for Hongfei to release a complete and verifiable financial report to the community, detailing all assets managed by the Neo Foundation (NF) and itemizing all expenditures. Additionally, Zhang stated that during their most recent phone conversation, an agreement was reached for Hongfei to focus on the operation and development of NeoX and SpoonOS starting January 1, 2026, and to cease involvement with Neo's mainnet.
In response, Da Hongfei issued a statement asserting that Erik Zhang controls the majority of Neo's funds and influences consensus node voting. Hongfei emphasized that blockchain projects should not be controlled by a single individual. He has urged Zhang over the years to transfer NEO/GAS tokens from his personal custody to NF's multi-signature address, while Zhang retains the role of key holder. However, Hongfei claims Zhang has consistently delayed this process, recently indicating that the transfer would occur around the completion of the N3 migration. Hongfei explained that he had refrained from publicly addressing the issue to maintain public trust and allow for orderly resolution. He expressed regret that his restraint has been misunderstood, stating, "I should have done this sooner."#Neo #Blockchain #FinancialTransparency #ProjectControl #ErikZhang #DaHongfei #NeoFoundation #ConsensusNode #NEOGAS #BlockchainGovernance #FinancialReport #Crypto #GAS
🚀 Neo Foundation Addresses Founders' Public Dispute
#NeoFoundation #NeoGlobalDevelopment #foundersdispute #communityfeedback #financialreports #2026 #publicdispute #NF #NGD #NEO
According to PANews, Neo Foundation and Neo Global Development have acknowledged the public dialogue between two of its founders on social media, which has garnered significant community attention. The organization assured that this dispute will not affect the daily operations of the Foundation and NGD. Financial reports from NF and NGD are expected to be released in the first quarter of 2026. The Foundation emphasized its commitment to actively listening to community feedback.#NeoFoundation #NeoGlobalDevelopment #foundersdispute #communityfeedback #financialreports #2026 #publicdispute #NF #NGD #NEO
🚀 Da Hongfei Responds to Zhang Zhengwen's Statements on Neo Foundation
#DaHongfei #ZhangZhengwen #NeoFoundation #NGD #limitedcooperation #transparency #financialreports #governance #ecosystem #blockchain #neo #NEO
Da Hongfei has publicly responded to recent statements made by Zhang Zhengwen, describing them as a "serious distortion of facts" and accusing Zhang of presenting "only part of the truth." According to Odaily, Da Hongfei is still seeking "limited cooperation" with Zhang.
Da Hongfei clarified that the "mechanism" Zhang proposed was essentially a centralized management model similar to the Neo Foundation's treasury, requiring his approval for every transaction and expenditure. In contrast, Da Hongfei suggested that starting this year, the Neo Foundation and NGD would disclose their financial reports quarterly to enhance transparency and detail.
He further explained that he had informed Zhang and other community members about the possibility of publishing news and blog content on neo.org and had offered the use of the @Neo_Blockchain account to expand their influence. However, this background information was not fully disclosed, leading to a presentation of "partial facts." Da Hongfei emphasized the need to document all communication thoroughly in the future.
Regarding financial arrangements, Da Hongfei revealed that with Zhang's consent, NGD has conducted a transaction with the Neo Foundation treasury, initially amounting to $1 million, executed at spot prices. The aim is to increase NGD's equity share to align stakeholder interests and provide Zhang with operational funds for promoting the Neo mainnet.
Da Hongfei reiterated his stance on "limited cooperation," advocating for collaboration where goals align and independent progress where differences exist. He believes this is the only viable path to resolving Neo's governance stalemate and revitalizing its ecosystem. He urged Zhang not to misinterpret his statements further.#DaHongfei #ZhangZhengwen #NeoFoundation #NGD #limitedcooperation #transparency #financialreports #governance #ecosystem #blockchain #neo #NEO