YZi Labs writes to the CEA Industries Board to refute the "secret agreement" allegations and requests clarification to prevent misinformation

SmartContractAuditor · 2026-02-10T15:36:14+00:00

YZi Labs has sent a letter to the CEA Industries Board of Directors refuting their claims about a "secret agreement," stating that the allegations are false and that the law firm has provided relevant opinions. YZi Labs terminated the strategic services agreement in 2025 and has requested the board to clarify the related statements to protect shareholders' interests.

SmartContractAuditor

2026-02-10 15:36:14

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Odaily Planet Daily reports that YZi Labs issued a letter to the board of CEA Industries stating that the claim of a “secret agreement” between CEA Industries and YZi Labs is completely false. The letter notes that the law firm Winston & Strawn has provided legal opinions on the matter, with board members Alexander Monie, Hans Thomas, and then-CEO of 10X Capital Namdar fully involved. The so-called “secret” is merely a misleading statement to the public. CEA’s demand to terminate the Strategic Services Agreement (SSA) is also baseless. YZi Labs terminated the agreement on December 11, 2025, and notified the board in writing on December 13. The SSA did not result in any payments and does not affect the negotiations of the 10X asset management agreement. YZi Labs urges the board to immediately clarify the misleading statement, fully disclose related transactions involving Hans Thomas, and genuinely protect shareholders’ interests.

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