Who controls NEO’s $460 million treasure chest?

Two founders. One $460 million crypto pot. Zero trust between them. Erik Zhang keeps most of NEO’s tokens in his personal wallets. No extra signatures, no shared control, just his key. Da Hongfei runs the other half through his foundation, NGD, with cash, Bitcoin, and Ethereum. Together they hold double the project’s market value, yet they haven’t spoken civilly since last winter. Every attempt at fixing this—from Hong Kong meetings to public GitHub posts—has collapsed into finger-pointing. Zhang says he sees hidden problems in how funds were handled before. Da calls those claims “blunt” and “empty, ” insisting nothing was stolen or misused. Still, the math raises eyebrows: NEO tokens sit at $197 million today, down 98 percent from its 2018 high, while the actual treasury has quietly grown past $460 million. That imbalance alone makes people wonder if something smells off.Both men now offer rival blueprints. Da wants to move the foundation offshore, kick both founders off the board for two years, and give 66 million tokens straight to token holders. Zhang prefers keeping the foundation in Singapore, staying on the board, and “investigating” past choices. Translation: he doubts the numbers Da’s group reports. The clock is ticking, but no one’s budging first. Da frames it as mutual surrender: he loses control over Bitcoin and stablecoins; Zhang lets go of single-signed NEO tokens. It sounds like a fair swap—except it demands Zhang hand over his private keys, and he hasn’t said yes. In an AMA last week, Da gave himself three months to make it happen. If Zhang says no, Da throws the problem back at the community: what do you do when one person holds half the project and refuses to share the wheel? Neither founder has commented since publication.