Da Hongfei Responds to Zhang Zheng's Accusations: Distorting Facts, Only Telling Half the Truth

BlockBeats News, January 26th, NEO Founder Da Hongfei responded to NEO's co-founder Erik Zhang's accusation, saying: "This is a distortion of facts. The mechanism you explicitly proposed today is 'every transaction and all expenses must be approved by me' (your words). This is not a mechanism but rather a replication of NF Treasury's dictatorial management. My words were: 'Starting this year, NF and NGD will release financial reports in the first quarter of each year to increase transparency and provide more details based on past reports.'

I have already told you that you (and other community members) will be authorized to post news and blogs on neo.org, and I also privately mentioned that Neo's X account will be entrusted to you for content publication and to build followers for your new initiatives. You have repeatedly used this 'half-truth' tactic. In the future, we should record all conversations.

For transparency reasons, I proposed, and you agreed, to have transactions between the NF Treasury under your management and NGD. The initial transaction amount is $1 million, executed at the spot price. I also clearly stated the motivation: to increase NGD's stake to align interests and to provide you with operational funds to drive the development of the Neo mainnet. I have always been very clear that I only seek 'limited cooperation.' We still share a common goal—Neo's growth and revival. Collaboration where we agree, and independent progress where there are differences, is the only way to resolve the governance deadlock Neo has faced in recent years. Please do not distort my words."

Earlier, Zhang Zhengwen posted, saying, "Just had a meeting with NEO founder Da Hongfei. He proposed the so-called 'limited cooperation' but did not provide any substantive content on any key issues. I have clearly put forward three minimum requirements: establish an effective and verifiable financial supervision and management mechanism; abandon the EON project, a new project directly competing with NEO; authorize me to post information through the official website and official X (Twitter) account. The above three requirements were all explicitly rejected. Given that under his leadership, NEO has continued to decline over the past few years, I hereby formally call for Da Hongfei to resign from his leadership position in the NEO ecosystem."