2026-01-07 04:49:32

The governance controversy surrounding CEA Industries (BNC) continues to ferment. YZi Labs has spoken out again on social media, pointing out that BNC has deliberately restricted shareholders' exercise of written consent rights by implementing a poison pill plan and amending the company's bylaws—this move essentially strengthens the board's voice, rather than protecting shareholder interests as officially claimed.

What’s more noteworthy is the clear opposition between the two parties on the token issue. BNC previously denied considering the launch of an alternative token, but YZi Labs presented evidence: BNC CEO David Namdar indeed discussed related topics in a public setting in early 2025. This asymmetry of information has led the community to question the authenticity of the official statements.

From a governance perspective, restricting shareholder power while being vague on the token issue has sparked widespread concern in the Web3 community about BNC’s decision-making transparency. Whether it’s for project stability or other motives, only time will tell.

BNC-2.24%

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DegenWhisperer

· 01-07 05:14

It's the same old story again. Where's the promised transparent governance? They turn around and implement a poison pill plan. The CEO says there are no new tokens, but then they are caught on camera discussing new tokens. I can see through this trick with my eyes closed. Restricting shareholders' rights while claiming to protect is truly unbelievable.

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SatoshiHeir

· 01-07 05:06

It should be pointed out that this set of tactics has been proven countless times in history—poison pill clauses combined with information asymmetry are nothing more than a rehash of centralized power under the guise of Web3. According to the fundamental ideas of the white paper, this directly contradicts all shared values. Speaking of which, the CEO publicly discussed an alternative token plan but then denied it, and on-chain data shows that such contradictory narratives often indicate larger problems brewing. Let me say this: isn’t this just classic fiat thinking at work?

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0xSherlock

· 01-07 05:02

Hmm, this move is a bit intense. Saying it's to protect shareholders actually weakens shareholders, and they stubbornly refuse to admit the token issue? The CEO has already said one thing and then denied it. Can this logic hold up? Haha The poison pill plan combined with amending the bylaws and adding a token riddle master—no matter how you look at it, it seems like they're strengthening their own power. What about transparency? Is this what Web3 is supposed to look like? Let's wait and see how things develop; there should be more good shows ahead.

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GateUser-26d7f434

· 01-07 04:56

It's the same old trick again, claiming to protect shareholders, but in reality, it's just sidelining our authority.

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TokenStorm

· 01-07 04:55

On-chain data shows that the governance storm around BNC is becoming increasingly intense. The CEO publicly contradicting himself is quite common in the crypto world, but this time the evidence is so solid that it’s a bit awkward. Poison pill + amending the bylaws + hiding tokens—this combination of tactics is really setting a trap for themselves. The transparency risk factor has already exploded. I bet there will be more to this story. By the way, who still believes official statements? On-chain data is the real deal. YZi’s evidence collection ability is pretty good, but BNC’s recent moves do seem like they’re laying the groundwork before a major action.

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0xSunnyDay

· 01-07 04:53

Here we go again, the CEO says it's not a thing and then turns around and says it? I've seen this trick too many times. Just whip out the evidence and slap them in the face. This is what web3 should look like—comfortable.

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