Binance founder Changpeng Zhao’s (CZ) involvement in the BNB Network has taken an unexpected turn. A recently filed Schedule 14A by YZiLabs, a family office linked to CZ, accuses the company of missed deadlines and poor communication concerning its rollout strategy. The accusations come as YZiLabs, after backing a $500 million investment into BNB Network (ticker: BNC), seeks control of the network’s governance structure, alleging slow execution, lack of investor engagement, and delays in crucial regulatory filings. This change follows months of strategic planning to create the largest publicly traded BNB treasury in the United States. However, recent market volatility, including a decline in BNB prices and a widening discount to its NAV, has heightened pressure on BNB Network’s progress. YZiLabs claims that despite promising transparency and institutional integration, the network’s rollout has stalled, highlighting communication gaps and conflicting priorities. The firm is now pushing for board restructuring, aiming to install new directors through a written-consent process, while demanding increased investor engagement. This activist move signals an unexpected shift in control amidst growing investor concerns. The future of BNB Network remains uncertain as the company seeks to stabilize its rollout amidst market pressure.