BNB Ecosystem Internal Conflict: Shareholders Push for Governance Reform, Board Postpones Meeting Triggering Trust Crisis

【Blockchain Rhythm】Sun Yuchen publicly expressed support as a shareholder of CEA Industries (BNC), endorsing a series of initiatives promoted by YZi Labs to optimize the BNB ecosystem.

The issue dates back to earlier events. YZi Labs accused the BNC board of adopting a “poison pill” defense strategy in an attempt to prevent shareholders from exercising their written consent rights. More troubling, the 2025 annual general meeting originally scheduled for December 17 was postponed without explanation, raising suspicions of manipulation.

In a statement, YZi Labs bluntly stated: “The board’s actions are a form of procedural manipulation,” calling for transparency in the board nomination and election process. They also responded to BNC’s claim that they have “never considered alternative assets”—according to YZi Labs’ disclosures, BNC CEO David Namdar explicitly mentioned the possibility of switching to public blockchains like Solana at a meeting in November 2025.

This internal power struggle within the ecosystem reflects deep disagreements over the future direction of the BNB ecosystem. Should the focus remain on BNB, or should strategic flexibility be maintained? This question is testing the governance level of the entire ecosystem.