Neo's two co-founders at odds again, Zhang Zheng questioned the embezzlement of public funds

BlockBeats News, March 3rd, after the Neo Foundation released its 2025 fiscal year financial report, co-founders Erik Zhang and Da Hongfei once again expressed differing views. Regarding the financial report, Da Hongfei stated, "Over the past 12 years, we have experienced market cycles, structural transformations, and regulatory changes, and have continuously evolved. The report clearly demonstrates our current state and future direction. Looking ahead, clarity and execution are the key to breakthroughs."

Erik Zhang raised doubts about the financial report, saying, "I only see the Neo asset addresses disclosed by contributor Ricardo Prado, but no addresses of any non-Neo assets were disclosed. The individual report in the financial statement cannot be verified. Furthermore, it must be emphasized that the size of the assets in non-nominal digits held by the Neo Foundation is extremely abnormal. Why did the external investments of the Neo Foundation's ultimate revenue flow to the private company NGD? This is blatant embezzlement of public funds."

For more details on the incident, refer to BlockBeats' previous report, "Long-standing domestic public chain NEO sees two founders in conflict, with financial opacity as the core reason".