YZi Labs, an investment firm associated with former Binance CEO Changpeng Zhao, has initiated a formal campaign to reconstitute the board of directors at CEA Industries, the entity responsible for managing the BNB Chain ecosystem’s treasury. In a recent filing, YZi Labs has directly appealed to the company’s shareholders, urging them to vote in favor of replacing the current board with its own slate of nominated directors. The move signals a strategic push to assume direct governance over the treasury’s operations and capital allocation. This development follows a period of perceived inactivity and suboptimal performance from the treasury, which is funded by transaction fees and is intended to support the growth and development of the BNB Chain network. The proposed board shakeup aims to implement a new strategic direction and revitalize the deployment of the treasury’s substantial assets to foster greater innovation and utility within the ecosystem. The outcome of this shareholder vote will determine the future stewardship of a critical financial pillar for one of the world’s largest blockchain networks.
