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The governance controversy surrounding the BNC project has reignited. According to reports, YZi Labs recently issued a statement on social media questioning a series of measures taken by CEA Industries (BNC)—particularly the introduction of the poison pill plan and amendments to the bylaws. YZi Labs believes that these measures essentially restrict shareholders' exercise of written consent rights and indirectly strengthen the power of the board of directors, which contradicts the original intention of protecting shareholder rights.
More notably, YZi Labs refuted BNC's claim that "they have never considered an alternative token方案." They pointed out that BNC's CEO David Namdar explicitly mentioned this consideration in January 2025. This discrepancy in statements and information asymmetry further fuels market concerns about the project's transparency.
This tug-of-war at the governance level reflects the internal checks and balances that many Web3 projects face during rapid expansion. The balance between protecting shareholder rights and delineating the powers of the board of directors seems to have become a key issue testing the project's governance capabilities.
The old trick again, promising to protect shareholders but doing the opposite.
The CEO said this a month ago, now pretending not to know? Playing the game of information asymmetry so skillfully.
BNC is a textbook demonstration of how to do poor governance.
Inconsistent statements are the most frustrating. Transparency? It doesn't exist at all.
Looks like we have to wait for the next round of explosions to teach them what democracy really means.
The CEO's words from January are now being denied? What transparency does Web3 need?
I really can't understand BNC's governance.
This is the real power game, with the board of directors just self-indulging.
Honestly, it's still the information gap causing trouble; retail investors are just the ones being harvested.
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The poison pill plan is really brilliant, it's just a disguised way to cut shareholders
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The CEO contradicts himself, the information asymmetry is outrageous
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Web3 governance is always so disappointing, yet they keep hyping decentralization
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YZi this time fought hard and it feels great, finally someone dares to expose the truth
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Basically, the board wants to dictatorship, and shareholders are just like grass
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The transparency of BNC is a bit worrying, a sign of an imminent run?
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Another "beautiful promise" turning into a "backstab in reality"
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Amendments to the articles of association tied to the poison pill, this combo is clearly aimed at restricting shareholder rights
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The CEO said a month ago that they are now saying they never said that, is their brain a sieve?