YZi Labs Aims to Take Control of BNB Treasury After Governance Failures

YZi Labs, a firm linked to Binance co-founder Changpeng Zhao (CZ), is pushing for control of CEA Industries Inc., a company managing the world’s largest institutional BNB treasury. This move comes after accusations of governance failures and conflicts of interest within CEA leadership. YZi Labs is seeking to replace the current board through a consent solicitation filed with the US Securities and Exchange Commission (SEC).