Dug

Just wrapped a 2.5-hour strategy session with the NGD team—clearing noise, integrating community feedback, and strictly realigning priorities. Our mandate is simple: Onboard Assets and Build Applications. Assets (The Fuel): The path is defined by stablecoins and bridges. We'll seek collaborating with tier-one protocols (e.g., LayerZero, Wormhole) to channel high-quality liquidity to Neo N3 and X. The immediate target is deploying emerging stablecoins like USDT0 and USD1, paving the way for ubiquitous liquidity via USDT and USDC. Applications (The Engine): We believe in 2026, blockchain adoptions will be driven by applications. NGD is targeting the AI blue ocean. Utilizing Neo X as the foundation and SpoonOS as the framework, we will fortify our agent infrastructure to ship viable, market-demand products. The debate is noisy; the goal is clear. Ultimately, every action is designed to empower NEO and GAS.

The community supports constructive action, not necessarily any single individual. Yet, you persist in inflaming the community with conspiracy theories, falsely implying that I stole from Neo’s funds. The reality is simple. Neo’s capital sources are distinct: (1) The ICOs: Two separate raises conducted in 2015 and 2016. (2) NGC Fund 1: Capital returned in 2022, comprising a mix of BTC, ETH, stablecoins, and minor tokens. (3) Strategic Swap: A bulk NEO-to-ETH swap executed with a crypto fund several years ago. (All ETH position was fully liquidated between 2024 and Dec 2025 at an average price of ~$2,8xx). (4) The NF Treasury: The largest component which you explicitly controlled for over a decade. Identify the funding sources you claim I am hiding or stole from. NF and NGD ceased publishing financial reports in 2020 to minimize regulatory risk following the crypto crackdown in China. You were fully aware of this strategy and raised no objections for six years until late 2025. Now, you attempt to hijack Neo by setting an impossible standard - demanding that "every transaction over the last six (or eleven) years be traceable and verifiable" - and framing any gap as theft. I may have made strategic, management, or investment errors in the past, but I have never stolen from Neo. While I strive to rectify the situation, you continue to sabotage the process by hurling one empty accusation after another. Your actions reflect your real motivation.

The meeting with Da Hongfei has just concluded. The outcome was neither surprising nor pleasant. He spoke of a so-called “limited cooperation,” yet offered no concrete substance on any critical issue. I clearly outlined three minimum requirements: 1. Establishing effective and verifiable financial oversight and management mechanisms 2. Abandoning EON, a new project that directly competes with NEO 3. Granting me authorization to publish via the official website and official X (Twitter) account All three were explicitly rejected. Under these circumstances, I see no genuine intent to cooperate, nor any willingness to meaningfully advance NEO’s value. Given the continued decline of NEO under his leadership over the past several years, I formally call on Da Hongfei to step down from his leadership role within the NEO ecosystem.

1,000,000 NEO were transferred to the Bond address. Of that amount, nearly 172,000 NEO were distributed as rewards. The remaining 828,000 NEO, however, do not appear to have returned to NGD-controlled addresses. Where did most of those funds go? You guessed right: Binance.

False. I proposed that either you or I manage Neo because you intentionally delayed the treasury hand-over to NF for years. I'm not willing to risk Neo and the community anymore. That proposal was my last effort to get the treasury secured. You agreed because you were running out of excuses after N3 migration. But after transferring a small portion to the multisig, you found new excuses. A blockchain project's treasury should be secured by multisig, not by one man after years of launching. It is not negotiable.

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.

Stop lying and fabricating facts. NEO & GAS were always the super majority of NF's assets which can be found in past financial reports. Answer this: When will you hand over the treasury to NF multisig?