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YZi Labs Demands CEA Industries Respond to the "Operational Vacuum" and Terminate the 10X Capital Asset Management Agreement

YZi Labs Demands CEA Industries Respond to the "Operational Vacuum" and Terminate the 10X Capital Asset Management Agreement

2026-03-11 20:59

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ChainThink report, March 11: YZi Labs issued a statement indicating that according to the lawsuit filed by investor Abraham Gomez against the U.S.-listed BNB treasury company CEA Industries (BNC) and its director Hans Thomas, the company is nearly in a state of "operational vacuum," lacking a CFO, COO, operational or marketing teams, fund management systems, and even without a registered domain name or functional website.


YZi Labs emphasized that this situation underscores the failure of corporate board oversight at CEA Industries, particularly while entering into a 20-year asset management agreement with 10X Capital Asset Management to manage substantial capital, yet failing to establish fundamental corporate governance and operational infrastructure. Consequently, YZi Labs demands that the board publicly respond to these allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement with 10X Capital Asset Management.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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YZi Labs Demands CEA Industries Respond to the "Operational Vacuum" and Terminate the 10X Capital Asset Management Agreement - Latest Crypto Flash Update - ChainThink