NEO co-founders Da Hongfei and Erik Zhang are in disagreement over the project's governance restructuring. Da Hongfei supports a move towards independent governance and the implementation of multisignature protection for assets. In contrast, Erik Zhang is calling for accountability investigations and insists on retaining board seats.
Erik Zhang's personal crypto holdings, valued between $200 million and $250 million, reportedly lack multisignature protection or formal oversight. Meanwhile, the NEO treasury holds approximately $460 million in assets, significantly exceeding the project's market capitalization of $197 million. NEO tokens have seen a steep decline, dropping 98% from their peak in 2018.
NEO Co-Founders Clash Over Governance and Asset Security
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