Zone Trader

I am very pleased to confirm that the SEC has moved to dismiss all claims against me, Tron Foundation, and BitTorrent Foundation. Today’s resolution brings closure, but I never stopped building. I will continue to focus on accelerating innovation in the United States and around the world and look forward to working with the SEC to develop guidance and regulations for crypto going forward. The future is bright.

It is ironic to be asked for "financial disclosure" by the very person who controls the super majority of Neo's treasury, dictates the voting of consensus nodes, and has shown no hesitation to hijack the protocol at the expense of the community and token holders. A blockchain project cannot function under one man's custody. For years, I have urged Erik to transfer the NEO/GAS tokens from his personal custody to NF’s multisig addresses—with him remaining as a key holder. Yet, he has consistently found excuses to delay this process. Most recently, I was told it would be completed around the time the N3 migration finishes. Before today, I avoided raising this publicly to protect community confidence and to give space for an orderly resolution. That silence was born of the hope that he would honor his promise. That restraint has now been misinterpreted. I should have done this earlier. Neo is my brainchild, and I will never abandon it or this community. NF and I remain committed to Neo’s long-term development and governance. Given the current resource constraints, NF will enforce strict fiscal discipline. Meanwhile, we will continue to pursue the transfer of treasury custody through all available remedies. An end-of-2025 NF/NGD financial report will be released in the first half of 2026 Q1. Before then, I will share preliminary figures as they become available. However, this release must not be viewed as a concession to Erik's framing of the issue. Instead, it will serve as a map revealing the stark reality of where the resources truly sit.