YZi Labs sends a letter to the CEA Industries Board of Directors, requesting clarification on false news and full disclosure of a director's related-party transactions.

ZkProver · 2026-02-10T15:46:08+00:00

YZi Labs issues a letter in response to CEA Industries' allegations of a "secret agreement," stating that the agreement has long been known to the board and that the law firm has also provided an opinion. YZi Labs has terminated the strategic services agreement and calls on the board to clarify the misleading statement to protect shareholders' interests.

ZkProver

2026-02-10 15:46:08

Abstract generation in progress

ChainCatcher reports that 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 has not resulted in 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 circumstances. YZi Labs urges the board to immediately clarify the misleading statements, fully disclose related transactions involving Hans Thomas, and genuinely protect shareholders’ interests.

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