YZi Labs alleges 10X Capital violated disclosure rules

YZi Labs (formerly Binance Labs) has warned 10X Capital and its affiliates of a potential failure to meet legal disclosure requirements regarding their stake in CEA Industries (BNC). In an official letter, YZi Labs claimed that 10X Capital is believed to hold over 5% of the Nasdaq-listed company, which has been heavily investing in BNB since late 2025. YZi Labs alleged that 10X Capital failed to report this position to the U.S. Securities and Exchange Commission (SEC). It also asserted that Hans Thomas, co-founder of 10X Capital and a director at CEA, did not file an initial shareholding report. In contrast, YZi Labs stated that it filed its own report on time last November after its ownership stake surpassed 5% following a share buyback by CEA Industries. Urging 10X Capital to disclose its holdings, YZi Labs emphasized that shareholders have a right to know which parties are exerting influence on the company.