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YZi Labs requests CEA Industries to address the "operational vacuum" and terminate the 10X Capital asset management agreement

YZi Labs requests CEA Industries to address the "operational vacuum" and terminate the 10X Capital asset management agreement

BlockBeatsBlockBeats2026/03/11 13:05
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BlockBeats news, on March 11, YZi Labs issued a statement. According to a lawsuit filed by investor Abraham Gomez against the US-listed BNB treasury company CEA Industries (BNC) and its director Hans Thomas, the company is almost in an "operational vacuum" state, lacking a CFO, COO, operations or marketing team, fund management system, and even a registered domain name or functioning website.


YZi Labs pointed out that this situation highlights the failure of CEA Industries' board oversight. While signing a 20-year asset management agreement with 10X Capital Asset Management to manage huge funds, the company has not established basic corporate governance and operational infrastructure. Therefore, YZi Labs demands the board publicly respond to the relevant allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement signed with 10X Capital Asset Management.

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