CZ is making a major move.



CZ-linked @yzilabs is pushing to take control of BNC, the publicly traded firm holding a $412M $BNB treasury. Through an SEC-filed consent solicitation, they’re aiming to:

• Expand the board
• Install their own directors
• Repeal recent bylaws

Why? BNC’s share price has collapsed despite managing one of the largest BNB treasuries (480k–515k BNB).

YZi Labs is accusing current management of poor performance, weak transparency, and conflicts of interest.

If YZi Labs secures majority consent, they gain immediate control, no shareholder meeting needed.

A high-stakes governance battle is underway… and the prize is a massive $BNB war chest.
BNB-0.24%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)