YZi Labs Moves to Seize Control After CEA’s Crypto Pivot Crumbles
YZi Labs, backed by Binance founder Changpeng Zhao, now wants to seize control of the company by overturning recent bylaw changes, expanding the board, and installing its own nominees. Other crypto treasury firms are also undergoing leadership shake-ups, including Yorkville Acquisition Corp.’s move to merge with Trump Media and Crypto.com to build a new CRO-focused treasury. Despite the sector’s early momentum, crypto treasury companies across the board are struggling.
CEA Implodes After BNB Bet
Binance founder Changpeng Zhao’s YZi Labs moved to seize control of CEA Industries, the publicly traded firm that made headlines earlier this year for its bold plan to become the world’s largest BNB treasury company. In a regulatory filing…
