BNB

On 9 December, a dormant WeChat account linked to Binance co-CEO Yi He was taken over and used to promote the little-known MUBARA token on BNB Chain. The token’s price jumped from about $0.001 to $0.008, briefly valuing the project near $8 million before plunging more than 60% as two attacker wallets sold into the rally, securing an estimated $55,000 profit, according to on-chain data. The episode shows how abandoned web2 accounts can still trigger sharp moves in thinly traded micro-cap crypto markets when they are associated with high-profile industry figures.

STABLE plunged after Stable’s mainnet launch on December 8, hitting an all‑time low near $0.015. The token dropped more than 70% versus its IDO sale price. It opened with 18B circulating out of 100B total supply, with 50% allocated to the team and early backers. PancakeSwap liquidity was about $720K.

Abu Dhabi’s Financial Services Regulatory Authority has granted three full licenses to Binance entities for an exchange, a recognized clearing house with custody, and a broker-dealer under Abu Dhabi Global Market, according to a Binance announcement. Binance expects to begin regulated operations on January 5, 2026, while retaining its Dubai virtual asset service provider license obtained in April 2024 and a $2 billion investment from MGX.

Changpeng Zhao has launched a prediction market platform on BNB Chain that generates yield on user deposits while positions remain open. Trust Wallet rolled out prediction trading for its 220 million users through a partnership with Myriad Markets. The development follows YZiLabs' announcement of a $1 billion ecosystem fund targeting DeFi and AI initiatives.

YZi Labs has issued formal demands to asset manager 10X Capital over alleged mismanagement at BNB Network Company (BNC), the largest publicly traded BNB treasury firm in the U.S. The family office of Binance founder Changpeng Zhao accuses 10X of planning to pivot away from BNB accumulation despite commitments made during a $500 million financing round. YZi Labs has initiated a proxy fight seeking board changes and set a December 5 deadline for written confirmation of compliance with the BNB treasury strategy.

YZi Labs, the investment firm associated with Binance co-founder Changpeng Zhao, has filed a consent statement with the SEC seeking to reshape the board of CEA Industries (BNC), a publicly-traded company managing a substantial BNB treasury. The firm is requesting shareholder support to expand the board, install its own nominees, and reverse recent bylaw changes. BNC's treasury holds between 480,000 and 515,000 BNB tokens valued at approximately $412 million.

YZi Labs, backed by Changpeng Zhao, filed a consent solicitation with the SEC to restructure the board of CEA Industries Inc. (NASDAQ: BNC). The firm holds approximately 5% of BNC shares and cited governance failures, disclosure delays, and a share price decline exceeding 92% since July. BNC holds one of the largest institutional BNB positions globally.

YZiLabs, backed by Changpeng Zhao, filed a preliminary Schedule 14A on Monday seeking to overhaul the board of BNB Network (BNC), formerly CEA Industries. The activist push targets the company's governance and execution following a $500 million private placement earlier in 2024. YZiLabs alleges management failures including delayed filings and inadequate investor communication.

GANA Payment, a BNB Smart Chain project, lost $3.1 million after attackers gained unauthorized contract control and manipulated staking rewards. The attacker laundered 1,140 BNB ($1.04 million) and 346.8 ETH ($1.05 million) through Tornado Cash, with approximately $1 million remaining on Ethereum. Blockchain security firm HashDit identified the vulnerability as malicious transfer of contract ownership, enabling extraction of excess GANA tokens.

GANA Payment suffered a security exploit on BNB Smart Chain resulting in losses exceeding $3.1 million. The attacker moved stolen funds through Tornado Cash on both BSC and Ethereum networks. The GANA token price dropped more than 90% following the incident.