Binance founder Changpeng Zhao (CZ) is launching an effort to gain control of the board at CEA Industries, a move that raises concerns about governance and investor returns. CZ’s firm, YZi Labs, has criticized CEA’s management for their handling of a $500 million crypto fund and delayed SEC filings. 🤯 This situation highlights the challenges faced by mismanaged cryptocurrency firms, raising questions about strategy execution and investor satisfaction. YZi Labs’ actions come as CEA Industries’ stock plummets – falling 89% from its peak despite BNB’s strong performance. The activist move reflects growing investor dissatisfaction with the current board composition and calls for improved communication and transparency.