Neo co-founders are publicly disputing the project’s finances and control.

Erik Zhang and Da Hongfei have exchanged public accusations about Neo’s finances and who manages the project. Zhang has asked for a full financial report while Hongfei says Zhang controls most funds.

Neo co-founders Erik Zhang and Da Hongfei have publicly exchanged disagreements about the project's finances and leadership. The messages appeared on social media at the end of 2025 and focus on how Neo Foundation funds were handled. Zhang requested a full financial report and said Hongfei will step back from mainnet duties. Hongfei responded by saying Zhang holds most of the project's funds and has delayed transfers to shared wallets. What was reported: - Erik Zhang said Da Hongfei kept Neo Foundation finances private and asked for a verifiable report. - Zhang announced Hongfei will step back from Neo mainnet work effective Jan. 1, 2026. - Da Hongfei said Zhang controls most NEO funds and delayed moves to a multisig setup. Summary: The dispute has raised questions about transparency and governance within the Neo community and may affect confidence among supporters. Undetermined at this time.