[Coin World] CZ's family office YZi Labs recently made a big move - directly initiated a board coup, targeting the BNB treasury company CEA Industries that they previously funded.
The cause of the matter is very straightforward: YZi Labs believes that shareholder rights have been severely harmed. Just look at the data to see how dire the situation is; the stock price of CEA has plummeted from its high in July, and it has now evaporated almost 89% of its market value.
Such a decline would be considered catastrophic in traditional markets, let alone in the crypto industry. As the funding party, YZi Labs clearly cannot sit still; this boardroom coup is likely an attempt to regain control of the situation and prevent further investment from going down the drain.
However, the specific internal contradictions and subsequent developments still need to be observed, after all, involving a figure of CZ's level, things will not end so simply.
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BearMarketHustler
· 12-02 04:10
The stock price evaporated by 89%... to what extent must this be owed to produce such harsh data?
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MEVHunterBearish
· 12-02 04:10
89% direct evaporation? What has this become... CZ is going to clean house.
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AlwaysMissingTops
· 12-02 04:10
89% evaporated... what kind of situation would that be?
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RetailTherapist
· 12-02 04:00
Wow, 89% evaporated directly? How brutal must that be, no wonder CZ had to take action.
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WenMoon42
· 12-02 03:50
After all this time, it still takes CZ to take action. A 89% fall is really outrageous.
The CZ family office suddenly strikes: wants to regain control of the BNB treasury company.
[Coin World] CZ's family office YZi Labs recently made a big move - directly initiated a board coup, targeting the BNB treasury company CEA Industries that they previously funded.
The cause of the matter is very straightforward: YZi Labs believes that shareholder rights have been severely harmed. Just look at the data to see how dire the situation is; the stock price of CEA has plummeted from its high in July, and it has now evaporated almost 89% of its market value.
Such a decline would be considered catastrophic in traditional markets, let alone in the crypto industry. As the funding party, YZi Labs clearly cannot sit still; this boardroom coup is likely an attempt to regain control of the situation and prevent further investment from going down the drain.
However, the specific internal contradictions and subsequent developments still need to be observed, after all, involving a figure of CZ's level, things will not end so simply.