NEO Public Finance Dispute: Erik Zhang Demands Full Disclosure as Da Hongfei Accuses Him of Fund Manipulation

COINOTAG News notes rising tension within the NEO ecosystem. Erik Zhang, Neo Co‑Founder, accuses Da Hongfei of withholding a full financial disclosure. He says, effective January 1, 2026, Da Hongfei would focus on NeoX and SpoonOS, stepping back from NEO mainnet governance, while NF assets and expenditures are fully disclosed to the community.

Da Hongfei responded, alleging Erik Zhang controls a large portion of Neo funds and can influence consensus node voting, risking agreement integrity. He urged transferring NEO and GAS from Zhang’s custody to the NF multisig, noting he retains the key-holder role and accusing ongoing delays.

Analysts say the dispute underscores treasury transparency and governance risks for blockchain projects. Stakeholders will watch for formal disclosures and governance updates from the Neo Foundation to assess credibility and alignment with token holders.