Neo co-founder proposes $461M treasury overhaul to end ‘trust me’ governance

Neo co-founder proposes $461M treasury overhaul to end ‘trust me’ governance

3.42%TRX$0.325 0.20%BCH$458.62 3.68%DOGE$0.1006 3.36%XLM$0.1746 5.37%ETH$2,442 4.15%BNB$643.52 2.78%SOL$89.94 3.54%HYPE$45.30 1.18%XMR$352.87 2.30%XRP$1.48 3.69%ADA$0.2638 3.90%BTC$77,750 3.85%USD Written by Christina Comben,Staff EditorReviewed by Bryan O'Shea,Staff EditorNeo co-founder proposes $461M treasury overhaul to end ‘trust me’ governance2 hours agoNeo’s proposed overhaul would restructure its foundation, return tokens to the community and impose formal oversight, as co-founders clash over governance and control. Neo co-founder Da Hongfei has proposed a sweeping overhaul of the Neo Foundation after years of deadlock with co-founder Erik Zhang left one of crypto’s oldest networks effectively paralyzed. The plan follows Neo’s first public financial disclosure since 2019, showing about $461 million in assets held across the Neo Foundation (NF) and Neo Global Development (NGD) at t

Source: https://cointelegraph.com/news/neo-founder-proposes-461m-overhaul-to-governance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound