One person holds the keys to $200 million of a project’s crypto. His co-founder says that has to end
coindesk|2026年04月19日 11:01
Co-founders Da Hongfei and Erik Zhang have conflicting restructuring plans, Da wants independent governance and multi-sig protection; Zhang wants accountability investigations and to remain on the board.
What to know : NEO co-founder Erik Zhang holds $200-250 million in crypto assets in a personal wallet with no multi-signature security or formal oversight. Co-founders Da Hongfei and Erik Zhang have conflicting restructuring plans, Da wants independent governance and multi-sig protection; Zhang wants accountability investigations and to remain on the board. NEO's treasury holds ~$460 million in assets, roughly double the project's $197 million market value, while the token has dropped 98% from its 2018 peak.
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