Tension Continues on the BNB Front: Binance’s Investment Arm Accuses BNB Treasury Company and Founder, Here Are the Details

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

Accordingly, YZi Labs (formerly Binance Labs) believes that 10X Capital and its affiliates violated disclosure rules regarding their shares in BNC.

At this point, YZi Labs expressed concern that 10X Capital and its director, Hans Thomas, may have violated Section 13(d) of the Securities Exchange Act of 1934.

This clause requires that if a holder owns more than 5% of the shares of a publicly traded company, this must be disclosed within 5 business days.

In an official statement, YZi Labs alleges, based on publicly available information, that 10X Capital owns more than 5% of BNC shares but has not reported this position to the US SEC.

The statement claims that 10X Capital and its founder have been heavily investing in BNB since late 2025.

YZi Labs also noted that Hans Thomas, co-founder of 10X Capital and a director at CEA, did not present his first stock report.

In contrast, YZi Labs stated that it submitted its own report on time last November, after CEA Industries’ ownership stake exceeded 5% following its share buyback.

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

*This is not investment advice.

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