Neo co-founders clash over Neo Foundation treasury control and 2026 transparency plans

Neo co-founders Erik Zhang and Da Hongfei have issued conflicting public statements over control of the Neo Foundation treasury and the level of financial transparency, following a dispute on X in late 2025. Zhang has accused Da of failing to deliver promised disclosures and keeping some assets in personal custody, while Da has rejected this framing and says updated financial reports for Neo Foundation and Neo Global Development are scheduled for release in Q1 2026.