NEO co-founder Erik Zhang announces NEO governance structure and account details, decides to return to mainnet management In response to the recent incident where NEO’s two co-founders, Da Hongfei and Erik Zhang, accused each other of monopolizing financial power and lacking transparency, Erik Zhang (@neoerikzhang) told PANews that he will return to managing the Neo mainnet comprehensively to safeguard the core interests of NEO/GAS holders. At the same time, he disclosed the current NEO governance structure and account details: On-chain transparent assets (NEO/GAS): Protocol-level transparency: The majority of NEO and GAS assets held by the Neo Foundation are publicly distributed across 21 initial node addresses and 1 multi-signature wallet. These addresses are the cornerstone of the Neo protocol’s operations, and the global community can audit them in real-time at any time. Asset flow explanation: During the period when Da Hongfei requested Erik to step down from foundation management, approximately 8 million NEO/GAS tokens were transferred to multiple multi-signature addresses designated by Da Hongfei, as per his request. Internal payment standards (SOP): To ensure compliance in the use of core assets, a strict four-step process has always been followed: (1) NGD submits a budget application, (2) Da Hongfei approves it, (3) Erik executes the technical payment, and (4) the transaction is recorded in financial accounts. This process exists to ensure procedural justice for every core expenditure. Non-transparent assets (risks of non-NEO/GAS assets): Single-person control: Apart from the transparent NEO/GAS assets 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 the personal control of Da Hongfei. Lack of auditing: Erik Zhang stated that these assets have been in a “black box” state for years, and Da Hongfei has yet to provide any verifiable financial statements, asset lists, or audit reports.