⚡ LATEST: Neo co-founder proposes an overhaul of its $461 million treasury and Pakistan reopens banking to crypto after eight year ban.
Asia Express via Cointelegraph Magazine https://t.co/u6PbFX7zpD
⚡ LATEST: Neo co-founder proposes an overhaul of its $461 million treasury and Pakistan reopens banking to crypto after eight year ban.
Asia Express via Cointelegraph Magazine https://t.co/u6PbFX7zpD
Read more on what's happening in Asia's crypto scene this week here:
https://t.co/5XhCX4VdgM
🔐 NEO Co-Founders Clash Over $200M Treasury Control
Co-founders Da Hongfei and Erik Zhang have proposed conflicting plans to restructure control of the project's $200 million treasury, according to CoinDesk. Da advocates for independent governance and multi-signature protection, while Zhang is calling for accountability investigations and his retention on the board.
🚀 Neo Co-Founder Proposes $461M Treasury Governance Overhaul
Neo co-founder Da Hongfei has submitted a formal proposal to restructure the project's $461 million treasury, according to Cointelegraph. The plan would dissolve the current Neo Foundation, return control of assets to the community, and establish a new, transparent governance council. This follows public disagreements with fellow co-founder Erik Zhang over the network's management model.