YZi Labs Writes to CEA Industries Board: Requests Clarification of False News and Full Disclosure of Director's Related Party Transaction

By: theblockbeats.news|2026/02/11 00:00:57

0

Share

copy

BlockBeats News, February 10th. YZi Labs issued a letter to the CEA Industries board stating that CEA Industries' claim of having a "secret agreement" with YZi Labs is entirely false. The board was well aware of the agreement, with legal advice provided by the law firm Winston & Strawn, and board members Alexander Monie, Hans Thomas, and the then-CEO of 10X Capital Namdar were fully involved. The so-called "secrecy" is merely a misleading statement to the public.

CEA's demand to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs already terminated the agreement on December 11, 2025, and notified the board in writing on December 13. The SSA did not involve any payments and did not affect the negotiation of the 10X Asset Management Agreement.

The board is attempting to use an "investigation" as a cover-up, masking their inaction regarding the known situation. YZi Labs urges the board to immediately clarify the misleading statements, fully disclose Hans Thomas' relevant related-party transactions, and effectively safeguard the interests of shareholders.

-- Price

You may also like

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab releases AI Agent Security Guidelines: Through a three-pronged strategy of "User Review + Agent Awareness + Script Hard Interception," a zero-trust security defense line is established to prevent prompt injection and sensitive data leakage risks.

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?

Why Hasn't $160 Billion Stripe Gone Public?

The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets

When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?

Who Longs War on Polymarket?

The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist

Finalist Bambi shares how AI tools helped turn real trading experience into an automated strategy, why survival-first risk control shaped the system’s design, and how the approach will evolve ahead of WEEX AI Trading Hackathon Season 2.

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions

Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure

While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer

This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?

Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?

The asset pool Meta can now touch is not on the same level as it was in 2012

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report

1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike 2. Token Unlock: $IO

How to Deal with Trump? Accept this "Art of the Deal Playbook"

How to Deal with Trump? Accept this "Art of the Deal Playbook"

The U.S. macro research firm The Kobeissi Letter deconstructs its "10-Step Conflict Pattern": Verbal Pressure, Friday Night Raid, Market Triple Bottom Exploration, Conditional Downgrade... concluding with a single "trade" paper.

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space

The next battleground for AI computing power is extending into space, gradually becoming a new frontier in commercial storytelling.

Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?

Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?

What have foreigners been most interested in over the past 24 hours?

Earn Up to 300% APR With WEEX Auto Earn: Limited-Time Crypto Passive Income Event

Earn up to 300% APR with WEEX Auto Earn in this limited-time crypto earning campaign. Activate Auto Earn, invite friends, and unlock additional referral crypto rewards before March 25.

BitsLab Deep Production: Nanobot User Security Practice Guide

BitsLab releases AI Agent Security Guidelines: Through a three-pronged strategy of "User Review + Agent Awareness + Script Hard Interception," a zero-trust security defense line is established to prevent prompt injection and sensitive data leakage risks.

What are the common traits of people who founded a $5 Billion+ company before the age of 23?

Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?

The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed

Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?

When people talk about Bitcoin, they often overlook one key thing.

Popular coins

Latest Crypto News

20:45

RootData Transparency Alert: Projects such as Bitunix, UEEx, Coinflare, and KoinBX are missing core information

Web3 asset data platform RootData published a daily transparency alert on Twitter (X), stating that exchanges such as Bitunix, UEEx, Coinflare, ZKE Exchange, and KoinBX are missing information on project teams, calendars, key events, and token data. It calls on project parties to submit a claim appl...

20:45

The Iranian military claims to have launched continuous attacks on multiple strategic locations in Israel

The Iranian military has issued Announcement No. 23. The announcement states that, starting from early this morning, its drone forces have launched sustained attacks on multiple strategic locations within Israel, including the Israeli Military Intelligence Directorate, the IDF's 8200 Cyber Intellige...

20:45

QCP: Stagflation expectations rise, BTC shows relative resilience

According to QCP Capital analysis, under the geopolitical shock triggered by the Iran conflict, BTC briefly fell below $63,000 before rebounding to around $70,000, showing relative resilience.The volatility in the options market has retreated to the mid-50s, with risk reversals still in negative ter...

20:45

The U.S. Department of Justice is investigating Iran's use of Binance to evade sanctions

According to The Wall Street Journal, the U.S. Department of Justice is investigating how Iran is using the world's largest cryptocurrency exchange, Binance, to evade U.S. sanctions.The report cites company documents and sources familiar with the matter, stating that an internal investigation at Bin...

20:45

Data: 534.56 BTC transferred from an anonymous address, flowing into Kraken after a transit

According to Arkham data, at 19:05, 534.56 BTC (worth approximately 36.82 million USD) was transferred from one anonymous address (starting with 34o3f4Mm...) to another anonymous address (starting with 3LGzXGLg...). Subsequently, that address transferred a portion of the BTC (8.28 BTC) to Kraken.