**[Neo's Two Founders Clash Again, Erik Zhang Questions Misappropriation of Public Funds]** BlockBeats news, on March 3, after the Neo Foundation released its financial report for the 2025 fiscal year, the two founders Erik Zhang (张铮文) and Da Hongfei (达鸿飞) once again expressed differing opinions. Regarding the financial report, Da Hongfei stated, "Over the past 12 years, we have experienced market cycles, structural transformations, and regulatory changes, while continuously evolving. The report clearly demonstrates our current status and future direction. Looking ahead, clarity and execution are key to breakthroughs." Erik Zhang, however, raised doubts about the financial report, saying, "I only see the Neo asset addresses disclosed by contributor Ricardo Prado, but no addresses for non-Neo assets have been disclosed. The individual statements in the financial report cannot be verified. Furthermore, it must be seriously pointed out that the scale of non-nominal digital assets held by the Neo Foundation is extremely abnormal. Why did the external investment income of the Neo Foundation ultimately flow to the private company NGD? This is blatant financial misappropriation of public funds." For detailed background on the incident, refer to BlockBeats' previous report, *"Veteran Domestic Public Chain NEO Founders Clash Over Financial Transparency Issues."*