YZi Labs accuses the CEA Industries Board of Misleading Shareholders Regarding the Strategic Services Agreement

CycleProphet · 2026-02-10T16:49:01+00:00

YZi Labs has sent a letter to the CEA Industries Board of Directors, accusing them of publishing false information in a press release, claiming that the agreement with YZi Labs was mischaracterized as a "secret agreement," and questioning the termination of the contract. At the same time, they accused 10X Capital of mismanagement and potentially abandoning the BNB strategy.

CycleProphet

2026-02-10 16:49:01

Abstract generation in progress

Deep Tide TechFlow News, February 10th, according to YZi Labs disclosure, has sent an open letter to the CEA Industries board of directors, accusing them of publishing false information in a press release on February 4th. The open letter states that the board incorrectly described the agreement with YZi Labs as a “secret agreement,” when in fact, board members and legal counsel Winston & Strawn were aware. Additionally, YZi Labs indicated that the Strategic Services Agreement (SSA) was terminated on December 11, 2025, and the board was notified in writing on December 13th, questioning why the board still demanded termination of a non-existent contract two months later. The open letter also pointed out that 10X Capital has never paid any fees to YZi Labs, and Hans Thomas used this terminated agreement as an excuse to protect 10X’s Asset Management Agreement (AMA) fee stream, harming CEA shareholders’ interests.

Earlier reports state that YZi Labs accused BNB Treasury’s CEA Industries asset management firm 10X Capital of “mismanagement and threatening to abandon the BNB strategy.”

BNB-5,23%

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