NEO Founder Da Hongfei Accuses Co-Founder Zhang Zhengwen of Governance Distortion

NEO Founder Da Hongfei Accuses Co-Founder Zhang Zhengwen of Governance Distortion

Zhang Zhengwen urges rejection of the EON project, calls for financial oversight and communication authority, and demands Da Hongfei’s resignation over NEO’s leadership decline.

NEO

Fact Check
The provided evidence from multiple credible sources strongly supports the statement. Two high-authority sources from CoinMarketCap and one from QQLink all consistently report on a public dispute between NEO's co-founders, Da Hongfei and Erik Zhang (also referred to as Zhang Xian Wen). The core subject of this public conflict is identified as being 'over governance' and 'treasury control', which directly aligns with the statement's claim of an accusation about 'governance distortion'. The sources confirm that the dispute was public, involving a 'public clash' and a 'public statement,' which corroborates the 'public accusation' part of the claim. While the name in the statement is 'Zhang Zhengwen' and the sources use 'Erik Zhang' or 'Zhang Xian Wen', this is a very minor discrepancy likely due to name variations or transliterations and does not detract from the core truth of the claim, as Erik Zhang is the known co-founder. The irrelevant sources have been disregarded. The available evidence consistently points to the truthfulness of the statement's central claims.
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Summary

NEO co-founder Zhang Zhengwen stated that talks with founder Da Hongfei failed after his proposals were rejected. Zhang called for rejecting the EON project, enforcing verifiable financial oversight, and securing formal communication authority. He also demanded Da’s resignation, citing NEO’s deterioration under his leadership. This escalates the governance dispute following Hongfei’s prior pledge for quarterly financial transparency and $1 million mainnet promotion funding.

Terms & Concepts
  • NEO: A blockchain platform known for facilitating smart contracts (self-executing blockchain code) and decentralized applications.
  • NGD: Neo Global Development, a key entity supporting the NEO blockchain ecosystem with development, business, and community efforts.
  • Mainnet: The primary network for a cryptocurrency or blockchain platform, where real transactions take place using the native cryptocurrency.