In a surprising development within the blockchain community, the co-founders of NEO, Da Hongfei and Erik Zhang, have engaged in a public dispute regarding the financial governance of the NEO blockchain. This conflict, which surfaced on December 15, 2024, has sparked concerns about the project's commitment to decentralization and transparency, as the document underscores a growing issue that could impact investor confidence moving forward.
Accusations Against Erik Zhang
Da Hongfei has leveled serious accusations against Erik Zhang, claiming that he exerts excessive control over NEO's financial resources and voting rights. According to Hongfei, this concentration of power undermines the foundational principles of decentralization that the blockchain was built upon.
Implications for NEO's Stability
The implications of this disagreement are significant, as it could jeopardize NEO's stability and erode investor confidence at a time when the blockchain industry is facing numerous challenges. Stakeholders are now closely monitoring the situation. The outcome of this clash may have lasting effects on NEO's governance and operational integrity.
As the NEO co-founders face a public dispute over governance, the OAX Foundation has left its community without updates, raising concerns about transparency. For more details, see further information.
