YZi Labs Criticizes CEA Industries' Poison Pill Amid Boardroom Conflict
YZi Labs, backed by Changpeng Zhao, has publicly criticized CEA Industries' adoption of a poison pill and recent bylaw changes. According to a post on X (formerly Twitter) on Wednesday, YZi Labs voiced its concerns regarding these measures. The development signals an escalation in the ongoing boardroom conflict between the two entities. A "poison pill" is a defense tactic used by a company to prevent a hostile takeover. The specific details of the bylaw changes and the extent of the conflict were not disclosed.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.