Neo Founder Da Hongfei Responds to Controversy, Clarifies Dispute with Erik Zhang

Deep Tide TechFlow News, January 26th, Neo Blockchain founder Da Hongfei and co-founder Erik Zhang engaged in a public dispute on social media. Da Hongfei accused Erik Zhang of distorting facts, claiming that his demand for “approval of every transaction and all expenses” is similar to the centralized management model of NF Treasury. Da proposed implementing a “limited partnership,” promising to release more transparent financial reports quarterly starting this year, and suggested conducting a $1 million transaction to increase NGD’s relevance and provide operational funding.

Erik Zhang stated that the meeting “was neither surprising nor unpleasant,” and believed that the so-called “limited partnership” lacked substantive content, outlining three minimum requirements.