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One person holds the keys to $200 million of a project’s crypto. His co-founder says that has to end
Summary by Coin Desk
3 Articles
3 Articles
One person holds the keys to $200 million of a project’s crypto. His co-founder says that has to end
Co-founders Da Hongfei and Erik Zhang have conflicting restructuring plans, Da wants independent governance and multi-sig protection; Zhang wants accountability investigations and to remain on the board.
·Manila, Philippines (the)
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NEO is going through a governance crisis. Its co-founders, Da Hongfei and Erik Zhang, are holding a public dispute over the control of a cashier valued at about $460 million, including between $200 million and $250 million in tokens that, according to Da, remain under Zhang’s sole firm and without multi-firm protection. *** Da Hongfei said that around 85% of native tokens in NEO custody are still controlled only by Erik Zhang by single firm. The…
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Total News Sources3
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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