YZi Labs issues rectification order to the "BNB version of MicroStrategy" management; stock price has plummeted 92% from its peak

GasWrangler

2025-12-03 13:36:20

[BlockBeats] On December 3, a major piece of news broke—YZi Labs directly issued a rectification notice to 10X Capital, the management company behind the so-called “BNB version of MicroStrategy,” CEA Industries (BNC).

This caused quite a stir. YZi Labs publicly warned CEA Industries’ shareholders, stating that 10X Capital, the asset management firm, has been constantly delaying information disclosures, has numerous conflicts of interest, and its management is a mess. If this continues, the stock price will keep crashing.

The rectification requirements are clear: immediately improve the governance structure and fully implement the previously promised BNB crypto treasury (DAT) strategy, instead of just making empty promises.

The worst hit is the stock price. When CEA Industries (BNC) initially announced plans to build a BNB treasury, its stock soared to an all-time high of $82.88. And now? It’s down to just $7.06, with a drop of over 92% at one point. Shareholders are probably devastated by this move.

To put it plainly, they painted a big picture but failed to deliver, and the market voted with its feet.

BNB-1.03%

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MetadataExplorer

· 12-03 14:05

Same old tricks... Sounds nice, but the execution is a complete mess. Dropping from 82 to 7, that’s a huge loss, isn’t it? Honestly, watching how these project teams operate, I’m really getting tired of it. So many promises—how many actually get delivered? What’s the point of just sending out announcements? When it’s time to clean house, just do it.

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quietly_staking

· 12-03 14:04

It’s the same old story again… They made big, round promises, but what happened in the end? The stock price dropped from 82 to 7—how brutal does that loss have to be?

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MissedTheBoat

· 12-03 13:56

This is quite a show again. What happened to the promised BNB treasury? It dropped from 82 to 7. What have I been doing these past few months?

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ContractTester

· 12-03 13:50

Another vaporware project, dropped from 82 to 7, this plunge is insane... Just knew those 10X guys couldn't be trusted.

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bridgeOops

· 12-03 13:50

Same old tricks again. None of the promised things have been delivered, and the stock price dropped from 82 to 7... This is just ridiculous. --- 10X Capital's operation is truly disappointing. They delay disclosing information and still have the nerve to keep managing? --- What about the BNB treasury strategy? How did it turn into an empty promise? This is just baffling. --- A 92% drop... how many people have lost money because of this? Only notifications, no compensation? --- What happened to the promised DAT strategy? And now they're talking about rectification notices—feels like it's already too late. --- The asset management company can't deliver results, and then they blame retail investors for lacking vision? --- From 82 to 7, some things definitely need to be investigated. The conflicts of interest here need a thorough review.

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