Neo ecosystem stirs again. The project's core developer Erik Zhang publicly questions the financial management issues of founder Da Hongfei, accusing him of not disclosing information as promised.



What is the focus? Erik Zhang demands that Da Hongfei present a complete, verifiable financial report to the community, clearly listing all assets and expenditure details under the Neo Foundation (NF). This is no small matter. For any ecosystem claiming to be decentralized, financial transparency is the cornerstone of trust.

From a technical perspective, as a public blockchain, the flow and efficiency of the Foundation's funds directly impact the quality of ecosystem development. Investors, developers, and community members all need to know exactly where the money has gone and how it was spent. This is also why transparency has become a key indicator for whether Web3 projects can sustain ongoing support in recent years.

Erik Zhang also mentioned that the two sides had a phone conversation and reached a framework agreement—indicating that there is a basis for resolving the issue. But the key is subsequent actions. In the context of decentralized governance, internal disagreements within the core team often reflect deeper governance dilemmas. Will mechanisms like transparent finances, regular disclosures, and community oversight truly be implemented in current Web3 projects, or are they still just slogans? The Neo community is closely watching.
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UncleWhalevip
· 5h ago
Here we go again? This time, Neo's big show seems to be more than just a technical issue; financial problems have always been a longstanding problem in Web3.
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LayoffMinervip
· 5h ago
Here we go again. The internal conflicts among the big players have become so clichéd in the crypto world. To put it simply, everyone just wants to control the wallets; transparency is just a secondary concern.
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GweiObservervip
· 5h ago
Another financial black hole drama, and this time it's Neo's turn. Is this what decentralization is about? Where's the promised transparency?
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TooScaredToSellvip
· 5h ago
Here we go again, this time it's Neo... Where's the promised transparency? It’s still the same old tricks.
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ChainProspectorvip
· 5h ago
This is the old trick again, all the money from big projects probably went into a black hole...
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BasementAlchemistvip
· 5h ago
Coming again? Da, I'm afraid they really can't hold back anymore. Erik has already made it public, yet they still want to conceal it. I just want to know exactly where that money went...
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