YZi Labs demands CEA Industries to respond to the "operational vacuum" issue and terminate the 10X asset management agreement
By: www.chaincatcher.com|2026/03/11 15:48:11
0
Share
Prefer us on Google
According to GlobeNewswire, YZi Labs issued a statement indicating that a lawsuit filed by investor Abraham Gomez against the Nasdaq-listed company CEA Industries and its director Hans Thomas shows that the company is almost in an "operational vacuum," lacking a CFO, COO, operational or marketing teams, and even a fund management system, with no registered domain name or functional website.
YZi Labs pointed out that this situation highlights the failure of the CEA Industries board's oversight, and that while signing a 20-year asset management agreement with 10X Capital Asset Management to manage substantial funds, it has not established basic corporate governance and operational infrastructure. Therefore, it demands that the board publicly respond to the related allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement signed with 10X Capital Asset Management.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Trump to Award the Space Medal of Honor to the Artemis II Crew
The Artemis II crew will be honored for their historic journey around the Moon, the first crewed mission beyond low Earth orbit since 1972. The ceremony, led by Donald Trump, will take place at the Johnson Space Center, although official information leaves open a question about the recognition of Je...
Programmer Holds 7,002 Bitcoin Private Keys on USB Drive with Only 2 Password Attempts Left, Valued at Approximately $777 Million
YZi Labs accuses CEA Industries of systemic governance failures
YZi Labs accuses CEA Industries of systemic governance failures, condemning its payment of nearly $1.98 million in severance compensation to the departing CEO.YZi Labs issued a statement in response to CEA Industries (NASDAQ: BNC) filing its 10-Q and 8-K forms on March 16, 2026. The statement pointe...
The Ethereum Foundation launches "Hardness," a dedicated team to safeguard the decentralized baseline
Hardness is a protocol-level commitment to the core attributes of Ethereum, including censorship resistance, privacy, security, and permissionlessness.
Major Wall Street brokers plan to access prediction markets, with Clear Street and Marex taking the lead
According to a report by Bloomberg on Wednesday, major U.S. prime brokers are working to provide hedge fund clients with access to the prediction market platform Kalshi. Clear Street, valued at over $12 billion, is expected to complete its first Kalshi trade settlement by the end of March; subsequen...
Bitget deepens cooperation with B2C2 to strengthen institutional trading ecosystem
Bitget announces a deepened partnership with B2C2. Through this collaboration, Bitget will introduce B2C2 as a liquidity provider for the platform, offering institutional clients more stable liquidity support and better trade execution quality. B2C2 was established in 2015 and is a subsidiary of the...
BitMine increased its holdings by 50,928 ETH last week, and Tom Lee stated that the market is currently at the end of a bear market
According to official news, BitMine announced today that the total value of its held cryptocurrencies, cash, and "high-risk high-return investment projects" has reached $9.9 billion. As of March 1, 2026, at 14:00 Eastern Time, the company's held crypto assets include: 4,473,587 ETH, 195 bitcoins, $2...
WEEX at Consensus Hong Kong 2025
WEEX, a leading global cryptocurrency exchange, proudly participated in Consensus Hong Kong 2025 as a 2-Block Sponsor, marking another milestone in our global expansion journey.
Tron Inc. Expands TRX Treasury To $245M In Nasdaq Corporate Crypto Bet
THORChain Launches Version 3.20 with Monero Support
Bitcoin Traders Watch Jackson Hole As Kevin Warsh Prepares First Fed Keynote
Chain shutdown strips BounceBit token utility after authorization flaw exposes 286M tokens
BounceBit token utility remains unresolved after the chain shutdown, even as the company prepares a 1:1 BB reissue on BNB Chain.
Wholesale Dollar Surpasses $1,500 Mark, Doubts Grow Over Interest Rates
The cost of maintaining the exchange rate is starting to be felt in interest rates, while the BCRA has slowed down its reserve purchases.
Solana Prepares to Expand v1 Transaction Limit to 4096 Bytes
Solana (SOL) is preparing a v1 transaction format upgrade that will increase the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. This change allows for significantly larger transactions to be processed at once.
US Allows Private Companies to Participate in Offensive Cyber Operations Against Foreign Hackers
The Trump administration has approved a memorandum that opens up the possibility for federal law enforcement agencies in the United States to engage verified private companies in operations against foreign cybercriminal groups. This is not just about data sharing, but about preparing actions against...
Cryptocurrency for Advisors: Why Clients Have Already Outpaced Their Financial Advisors
The topic of "cryptocurrency for advisors" is becoming increasingly pressing: clients have been holding digital assets for years, incorporating them into inheritance plans, and expecting advisors to provide not just general discussions but real assistance with storage, taxes, reporting, and transfer...
Four years ago, a cryptocurrency mogul disappeared; now his successor has vanished
New Meme Coin Launch 2026: MemeToro Brings AI-Powered Discovery to the BNB Chain
Stablecoin payments are fast, but local-currency settlement remains a bottleneck: Gravity Team CEO
Amazon Device Price Increase: Echo Dot Costs 60% More
A Study Reveals the Weight of Convictions Among Crypto Investors
Crypto Attacks in France: Suspect M1llionz Shows Off on TikTok
How Cryptocurrency Transfers Abroad Will Be Organized Starting September 1
Starting September 1, cryptocurrency transfers abroad will be available to individuals, sole proprietors, and companies engaged in foreign economic transactions, announced Alexey Korolenko, CEO of the crypto broker Cifra Markets. However, within Russia, cryptocurrency settlements will still remain p...
Will Crypto-Trump Cause a Pump?
Crypto-Trump has once again become one of the main topics in the cryptocurrency segment of social media: users are discussing the theory that Donald Trump's administration may support the market with a series of positive announcements ahead of the November elections for the U.S. Congress, as it did ...
Hyperliquid Policy Center pushes SEC, CFTC for equity perps framework
6GW Nuclear Power Supply Agreement: Non-Binding Framework with Nano Nuclear and Tillman
Nano Nuclear Energy (NANO Nuclear Energy·$NNE) has entered into a non-binding commercial framework with Tillman affiliates to explore a power supply plan for micro-reactors exceeding 6GW in the U.S. AI industrial zone.
Taxes: Who Gained and Who Lost from the Changes Implemented by Javier Milei
The government "returned to the private sector" the equivalent of 3 points of GDP, as stated by the President. However, some sectors received more while others lost.
Bitcoin Breaks Free, Altcoins Take the Stage – Steady Lads
Bitcoin, Ethereum, and the entire crypto market have surged in recent days. Cara from Steady Lads analyzes all of this.
Is Zhao Changpeng Still at the Poker Table After the Peace Hotel?
Ika-Based Wallet Expands for AI Agents
human.tech has expanded the Ika network-based wallet protocol into a distributed signature infrastructure for AI agents and decentralized applications. The wallet is designed to combine distributed signatures and authority control.
Trump to Award the Space Medal of Honor to the Artemis II Crew
The Artemis II crew will be honored for their historic journey around the Moon, the first crewed mission beyond low Earth orbit since 1972. The ceremony, led by Donald Trump, will take place at the Johnson Space Center, although official information leaves open a question about the recognition of Je...
Programmer Holds 7,002 Bitcoin Private Keys on USB Drive with Only 2 Password Attempts Left, Valued at Approximately $777 Million
YZi Labs accuses CEA Industries of systemic governance failures
YZi Labs accuses CEA Industries of systemic governance failures, condemning its payment of nearly $1.98 million in severance compensation to the departing CEO.YZi Labs issued a statement in response to CEA Industries (NASDAQ: BNC) filing its 10-Q and 8-K forms on March 16, 2026. The statement pointe...
The Ethereum Foundation launches "Hardness," a dedicated team to safeguard the decentralized baseline
Hardness is a protocol-level commitment to the core attributes of Ethereum, including censorship resistance, privacy, security, and permissionlessness.
Major Wall Street brokers plan to access prediction markets, with Clear Street and Marex taking the lead
According to a report by Bloomberg on Wednesday, major U.S. prime brokers are working to provide hedge fund clients with access to the prediction market platform Kalshi. Clear Street, valued at over $12 billion, is expected to complete its first Kalshi trade settlement by the end of March; subsequen...
Bitget deepens cooperation with B2C2 to strengthen institutional trading ecosystem
Bitget announces a deepened partnership with B2C2. Through this collaboration, Bitget will introduce B2C2 as a liquidity provider for the platform, offering institutional clients more stable liquidity support and better trade execution quality. B2C2 was established in 2015 and is a subsidiary of the...
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
