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BlockBeats news, on March 3, after the Neo Foundation released its financial report for fiscal year 2025, the two co-founders Erik Zhang and Da Hongfei once again had differing opinions. Regarding the financial report, Da Hongfei stated, "Over the past 12 years, we have experienced market cycles, structural transformations, and regulatory changes, and have continued to evolve. The report clearly demonstrates our current status and future direction. Looking ahead, clarity and execution are key to breakthroughs." Erik Zhang questioned the financial report, saying, "I only see the Neo asset addresses disclosed by contributor Ricardo Prado, but no addresses for non-Neo assets have been disclosed, and the individual statements in the financial report cannot be verified. In addition, it must be seriously pointed out that the scale of non-nominal digital assets at the Neo Foundation is extremely abnormal. Why did the external investment income of the Neo Foundation ultimately flow to the private company NGD? This is blatant financial embezzlement of public funds." For a detailed account of the incident, see BlockBeats' previous report, "Veteran Domestic Public Chain NEO's Two Founders Clash, Financial Opacity Is the Core Reason".

Odaily reported that, according to Bloomberg analyst Eric Balchunas, after yesterday's surge, bitcoin ETF recorded a capital inflow of 1.5 billions USD over the past five days. This is the largest single capital inflow in quite a long time. It is worth noting that almost all of the initial ten spot ETFs participated, indicating that the capital inflow has both breadth and depth.

This conclusion indicates that the company has significant deficiencies in ensuring the accuracy and compliance of its financial information. Internal control mechanisms are the cornerstone of a company's financial health. The deficiencies disclosed by Hub Group may affect investors' trust in financial data and also reflect potential weaknesses in corporate governance. According to the statement, management is actively assessing the scope and specific impact of the failure of relevant control processes. For a Nasdaq-listed company, disclosing failures in internal controls and financial reporting is no small matter. This may not only attract the attention of regulatory agencies, but also directly shake market confidence. Hub Group stated that it will formulate a remediation plan as soon as possible, but did not specify a clear timetable. Industry observers pointed out that if such internal control deficiencies are not corrected in time, they may lead to a chain reaction such as restatement of financial statements and regulatory penalties. The company has not yet disclosed the specific business segments or monetary impact involved in the deficiencies, and the market is closely watching subsequent developments.