I normally don’t make posts like this, but this situation is too alarming to ignore.
Erik Zhang – the co-founder of NEO and the creator of the dBFT consensus algorithm publicly stated that he was denied access to NEO’s financial reports by the NEO Foundation leadership.
Yes, you read that correctly: a co-founder of the project can’t see the project’s own financials.
If the leadership refuses transparency even to the people who built the ecosystem, how are regular investors supposed to have any confidence in the project’s financial integrity?
This raises serious red flags regarding:
- governance
- fund management
- internal accountability
- long-term sustainability of the ecosystem
Not financial advice, but think twice before putting money into NEO.
