NEO co-founders disagree on governance plan, Erik Zhang holds $250 million in crypto assets without multisig protection

NEO co-founder Da Hongfei and Erik Zhang have differences regarding the restructuring plan. Da advocates for independent governance and multi-signature protection, while Zhang calls for an accountability investigation and retaining his board seat. Erik Zhang’s personal wallet holds between 200 million and 250 million US dollars in crypto assets, without multi-signature protection or formal oversight. NEO treasury assets amount to approximately 460 million US dollars, about twice the project's market value of 197 million US dollars, with NEO tokens having fallen 98% from their 2018 peak.