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Updated 19 April 2026 at 04:34 pmCoinCex editorial review

Single Keyholder Controls $200 Million in Project Funds; Co-Founder Demands Change

#Finance On-chain Data News

Co-founders Da Hongfei and Erik Zhang disagree on restructuring. Da proposes independent governance and multi-sig protection for funds. Zhang insists on accountability investigations and wants to retain his board seat.

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.
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Single Keyholder Controls $200 Million in Project Funds; Co-Founder Demands Change