YZi Labs Seizes Control of CEA Industries After Crypto Pivot Fails

YZi Labs, backed by Binance founder Changpeng Zhao, has moved to control the publicly traded company, CEA Industries, after its ambitious plan to become a BNB-focused digital asset treasury company failed. The move comes after significant drops in share price and investor dissatisfaction stemming from a recent bylaw change that YZi believes disrupts shareholder value. This follows another setback for the industry as crypto treasuries experience challenges from Bitcoin’s declining trend and a broader market downturn. YZi’s intervention aims to restore stability and align the company with shareholder interests.