CZ’s YZi Labs Attempts Board Overhaul at BNB Treasury Firm CEA Industries

Binance founder Changpeng Zhao (CZ) through his firm YZi Labs is seeking control of cryptocurrency treasury firm CEA Industries. The move comes after months of tension regarding the company’s slow execution, missed updates, and growing stock discount compared to its crypto holdings. YZi Labs’ written consent solicitation aims to reverse recent bylaw changes, expand the board, and install its own nominees. The strategy follows allegations that the existing leadership has failed to communicate effectively, create investor relations strategies, and maintain transparency.