Neo Co-founder Zhang Zhongwen Publishes Governance Structure and Ledger Status, Announces Return to Mainnet Management

BlockBeats News, January 1st, NEO's two co-founders, Zhang Zhiwen (Erik Zhang) and Da Hongfei, accused each other of monopolizing financial power and lacking transparency. Zhang Zhiwen stated that he would return to full management of the Neo mainnet to defend the core rights of NEO/GAS holders. At the same time, Zhang Zhiwen disclosed the current NEO governance structure and the status of the assets under management.

Zhang Zhiwen stated that the vast majority of NEO and GAS assets of the Neo Foundation are openly distributed among 21 initial node addresses and 1 multisig wallet. Previously, during Da Hongfei's request for him to step down from Foundation management, approximately 8 million NEO/GAS tokens were transferred to multiple multisig addresses designated by Da Hongfei at his request. In addition to the transparent NEO/GAS mentioned above, all auxiliary assets held by the Neo Foundation (including but not limited to BTC, ETH, and other ecosystem project tokens) are currently under Da Hongfei's personal control. Zhang Zhiwen stated that these assets have been in a "black box" state for many years, and Da Hongfei has yet to provide any verifiable financial statements, asset lists, or audit evidence.