I didn't expect that even established domestic public chains could have such a day. What's more lamentable is that top domestic AI projects Manus, Kimi, and Minimax have had major news for two consecutive days—either being acquired for billions of dollars or raising hundreds of millions in funding. Yet, the old public chain has surprisingly started to tear each other apart.

Currently, it appears that the two co-founders of the NEO public chain, Zhang Zhengwen (Erik Zhang) and Da Hongfei, who founded it in 2014, have basically completely broken ties, continuing to clash on X. Based on their statements and publicly available information online, let's try to piece together what exactly happened between the two founders of this old public chain.