BlockBeats News, March 11th, YZi Labs issued a statement, revealing that a lawsuit filed by investor Abraham Gomez against the US-listed BNB Treasury company CEA Industries (BNC) and its director Hans Thomas showed that the company was nearly in a state of “operational vacuum,” lacking a CFO, COO, operations or marketing team, fund management system, and even a registered domain name or a functioning website.
YZi Labs pointed out that this situation highlights the failure of the CEA Industries board of directors’ oversight. Moreover, despite signing a 20-year asset management agreement with 10X Capital Asset Management to manage a huge amount of funds, the company failed to establish basic corporate governance and operational infrastructure. Therefore, they demanded that the board of directors publicly respond to the relevant allegations, establish an independent committee to investigate Hans Thomas, and terminate the agreement signed with 10X Capital Asset Management.
