BlockBeats News, February 10 — YZi Labs issued a letter to the board of CEA Industries stating that CEA Industries claims there is a “secret agreement” with YZi Labs, which is completely false. The contents of the agreement have been known to the board for a long time, and the law firm Winston & Strawn also provided advice. Board members Alexander Monie, Hans Thomas, and then-10X Capital CEO Namdar were involved throughout. The so-called “secret” is merely a misleading statement to the public.
CEA’s demand to terminate the Strategic Services Agreement (SSA) is also absurd. YZi Labs terminated the agreement on December 11, 2025, and notified the board in writing on December 13. The SSA did not generate any payments and does not affect the negotiations regarding the 10X asset management agreement.
The board attempts to conceal the facts under the guise of an “investigation,” covering up their inaction regarding known issues. YZi Labs urges the board to immediately clarify the misleading statements, fully disclose related transactions involving Hans Thomas, and genuinely protect shareholders’ interests.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Metaplanet Responds to JPX Regulatory Update Consultation: It Does Not Affect the Advancement of Its Bitcoin Strategy, With More Than 216,000 Japanese Shareholders Already Participating
Metaplanet CEO Simon Gerovich said he respects the decision by a Japanese exchange to delay the inclusion of cryptocurrency companies, and emphasized that the company will continue to pursue its Bitcoin strategy. Through the “Project Nova” project, it will help develop Japan’s Bitcoin ecosystem; it has already attracted more than 216k shareholders and will continue to communicate with all parties.
GateNews1h ago
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
Pudgy Penguins disrupts the $31.7B licensed toy market by using a "Negative CAC" model, achieving over 2M unit sales in 10,000 retail locations. It has gained cultural significance through partnerships and aims for $120M revenue in 2026 ahead of a possible IPO.
CoinDesk3h ago
BYDFi Perpetual Futures Data Now Live on TradingView
VICTORIA, Seychelles, March 12, 2026 — BYDFi announced the integration of its perpetual futures market data into TradingView, enabling traders to access real-time pricing and crypto market signals directly within TradingView charts. The integration supports more efficient workflows by bringing BYDFi
CoinDesk3h ago
Western Union Completes the Acquisition of Singapore Digital Wallet Dash, Expanding Digital Financial Services in the Asia-Pacific Region
Gate News message, April 5, cross-border remittance giant Western Union announced that it has completed its acquisition deal for Singapore digital wallet Dash. The specific acquisition amount has not been disclosed yet. Dash was previously owned by Singtel, and this acquisition gives Western Union its first wallet service in the Asia-Pacific region, further expanding its digital financial services beyond its traditional remittance business. Singtel and Western Union had previously said that the sale still needs approval from regulatory authorities. The completion of the deal announced this week marks that Dash has officially been folded into Western Union’s business.
GateNews9h ago
