Tensions Rise Around BNB: Binance’s Investment Arm Accuses Treasury Firm and Its Founder

New details have emerged regarding CEA Industries (BNC), a BNB treasury company backed by YZi Labs, the investment arm of Binance, the world’s largest cryptocurrency exchange.

YZi Labs (formerly Binance Labs) alleges that 10X Capital and its affiliates may have violated disclosure requirements related to their stake in BNC.

Specifically, YZi Labs claims that 10X Capital and its director Hans Thomas may have breached Section 13(d) of the U.S. Securities Exchange Act of 1934, which requires investors to disclose ownership of more than 5% of a publicly traded company within five business days.

In an official statement, YZi Labs asserts that, based on publicly available information, 10X Capital holds more than 5% of BNC shares but failed to file the required disclosure with the U.S. Securities and Exchange Commission (SEC).

The statement further claims that 10X Capital and its founder have been actively investing in BNB since late 2025. YZi Labs also noted that Hans Thomas, co-founder of 10X Capital and director of CEA Industries, has not submitted his initial ownership report.

In contrast, YZi Labs stated that it filed its own disclosure on time in November last year, after its stake in CEA Industries exceeded 5% due to a share buyback.

YZi Labs recently called on 10X Capital to publicly disclose its holdings, emphasizing that shareholders have the right to know who the influential parties behind the company are.

See also: "Coinbase Announces Update Regarding XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC)"

#Binance #BNB (BNB)

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