Core Viewpoint - The Neo blockchain, known as the "Chinese Ethereum," is experiencing a public dispute between co-founders Da Hongfei and Erik Zhang, focusing on financial transparency, control over the treasury, and governance issues [1][4]. Financial Dispute - Erik Zhang has accused Da Hongfei of not disclosing the finances of the Neo Foundation and has called for a complete and verifiable financial report [2][6]. - Zhang claims that Hongfei will step back from Neo mainnet work starting January 1, 2026, to concentrate on other projects like NeoX and SpoonOS [2]. Control and Governance Issues - Da Hongfei has countered that Zhang controls most of the NEO funds and consensus power, arguing that one individual should not have unilateral control over the project [3][6]. - Hongfei expressed that he had previously avoided public confrontation to maintain community confidence, but felt compelled to speak out due to Zhang's inaction regarding financial transparency [3]. Historical Context - The current conflict is rooted in a long-standing issue of oversight, with Zhang alleging that Hongfei had previously suggested that one founder should step down for efficiency [5]. - Zhang became concerned about a potential conflict of interest when he discovered Hongfei was working on a new blockchain project, AEON, which could utilize Neo's resources [5]. Impact on Community Trust - The ongoing feud between the co-founders raises concerns about the stability of Neo and undermines trust within the community, as both parties claim to act in the project's best interest [4][6].