YZi Labs sent a letter to the board of directors of CEA Industries, requesting clarification of false news and full disclosure of related-party transactions by a certain director.

According to Mars Finance, on February 10th, YZi Labs issued a letter to the board of directors of CEA Industries, stating that CEA Industries' claim of a "secret agreement" with YZi Labs is completely untrue. The board was already aware of the agreement's contents, with advice provided by the law firm Winston & Strawn, and board members Alexander Monie, Hans Thomas, and then-10X Capital CEO Namdar involved throughout the process. The so-called "secret" claim is merely a misleading tactic. CEA's demand to terminate the Strategic Services Agreement (SSA) is equally absurd. YZi Labs terminated the agreement on December 11, 2025, and notified the board in writing on December 13th. The SSA did not generate any payments and did not affect negotiations for the 10X asset management agreement. The board is attempting to cover up the facts under the guise of an "investigation," concealing its inaction regarding known information. YZi Labs calls on the board to immediately clarify the misleading statements, fully disclose related-party transactions involving Hans Thomas, and genuinely protect shareholder interests.