tldr; The largest BNB treasury company, CEA Industries, has seen a 95% decline in its stock value, blaming Binance founder Changpeng Zhao’s (CZ) family office, YZi Labs, for a ‘secret side agreement.’ The company demands disclosure of a confidentiality provision related to a $500 million PIPE transaction led by 10X Capital. CEA Industries, which previously pivoted from Canadian vape retail to BNB treasury, has faced financial struggles and disputes with YZi Labs over asset management. The stock has plummeted significantly over the past year amid ongoing controversies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
inShambles3749 on
Lmao
Brunosaurs4 on
Well, ouch. That has got to (metaphorically) hurt
mden1974 on
Probably the second part of his deal with trump. Tank his company stock while his sons short it to oblivion.
F4STW4LKER on
IS MY STOCK IN CEA INDUSTRIES SAFU?
bitcoin_islander on
Why would anyone buy some BNB stock when the actual coin has done so well over the last 5 years
Ourcrypto_news on
Blaming the CZ family office was not on my bingo card
8 Comments
tldr; The largest BNB treasury company, CEA Industries, has seen a 95% decline in its stock value, blaming Binance founder Changpeng Zhao’s (CZ) family office, YZi Labs, for a ‘secret side agreement.’ The company demands disclosure of a confidentiality provision related to a $500 million PIPE transaction led by 10X Capital. CEA Industries, which previously pivoted from Canadian vape retail to BNB treasury, has faced financial struggles and disputes with YZi Labs over asset management. The stock has plummeted significantly over the past year amid ongoing controversies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lmao
Well, ouch. That has got to (metaphorically) hurt
Probably the second part of his deal with trump. Tank his company stock while his sons short it to oblivion.
IS MY STOCK IN CEA INDUSTRIES SAFU?
Why would anyone buy some BNB stock when the actual coin has done so well over the last 5 years
Blaming the CZ family office was not on my bingo card
“My ponzi didn’t work, let’s blame someone”