2025-12-31 07:59:24

Recently, the Neo community has been making quite a stir. Core developer Erik Zhang publicly questioned founder Da Hongfei—where is the promised financial disclosure?

Specifically, Erik Zhang pointed out that Da Hongfei has not fulfilled his promise regarding financial transparency. He emphasized that all assets and expenditure details managed by the Neo Foundation (NF) should be disclosed to the community. This is no small matter—the way the foundation's money is spent should be verifiable.

It is reported that the two recently communicated via phone. According to the agreement, Da Hongfei should take action regarding the financial report matters. However, given the current situation, this issue still remains uncertain.

This reflects an old problem: governance transparency in Web3 projects. When the community places trust in a project, financial openness should be a basic commitment. As an established public chain project, how Neo handles this internal governance controversy may also provide some insights for other projects.

NEO-7.04%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
4
Repost
Share

Comment

0/400

TeaTimeTrader

· 14h ago

Here we go again? Where's the promised transparency? In the end, it's still the same old story.

View OriginalReply0

MEVSupportGroup

· 15h ago

Ha, it's the same old story. The promised financial transparency still turns into a mess—typical Web3套路. We've all been wool-harvested before, and our minds are as clear as a mirror. Where does the foundation's money go? It has to be visible for everyone to see, no more mysterious stuff. As for Neo's show, let's see if they can really deliver some substance, but I remain skeptical. By the way, Erik Zhang dares to diss the founders—he's got some courage. Let's see how they handle it later.

View OriginalReply0

BlockchainFoodie

· 15h ago

yo ngl this is literally like running a michelin kitchen without publishing your ingredient receipts... if you can't do basic supply chain transparency on where the money's flowing, how's anyone supposed to trust the whole operation? it's giving "farm-to-fork" viability crisis vibes fr fr

Reply0

PanicSeller

· 15h ago

Haha, now the good show begins. The big Vs are clashing online. --- Another promised transparency, and what’s the result? Just air. --- Neo, this fire is about to ignite. Has no one dared to look at the foundation’s ledger? --- Erik directly confronted this time. I’m just waiting to see how Da smooths things over. --- No way, even the founders have to publicly question the finances? How ridiculous is this project? --- That’s classic Web3—trusts the blockchain on the surface, but the ledger is locked down in reality. --- It’s a slap in the face. Promised to disclose the results but kept delaying. --- Neo, truly, full of ambition back then, now embroiled in internal strife. It’s hard to watch. --- Money matters are always the most sensitive. No wonder the community is so on edge.

View OriginalReply0