CZ says the Financial Times’ claims about YZi Labs seeking outside investors are false. CZ clarified YZi Labs was not spun out of Binance and his prior plea was a single BSA violation, not theft. BNB sentiment remained positive after the clarification.
CZ refuted FT claims about YZi Labs and past charges.
CZ and YZi Labs leadership said the FT interview misrepresented facts and intent.
Santiment data showed BNB’s weighted sentiment stayed positive and the token reclaimed the $1,000 level.
CZ YZi Labs response front-loaded: CZ denies FT claims about YZi Labs; read the update and market impact. Stay informed — follow COINOTAG for verified coverage.
What did CZ say about the FT report on YZi Labs?
CZ YZi Labs: Changpeng Zhao said the Financial Times’ report mischaracterized YZi Labs and his prior legal plea. He stated the fund was not “spun out” of Binance and that his admitted charge was a single BSA violation related to anti-money-laundering controls, not theft of user funds.
Why did CZ call the FT report “fake”?
CZ publicly described the article as pushing a negative narrative. He claimed reporters initially sought a positive introduction but framed YZi Labs and his past charges inaccurately. Ella Zhang, Head of YZi Labs, described the interview setup as a “trap” aimed at a different agenda.
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Source: X
How did YZi Labs leadership respond?
Ella Zhang said YZi Labs representatives were frustrated by the encounter with reporters and asserted the interview was positioned as an introductory call. She emphasized that portfolio companies raising external capital does not mean the fund itself is seeking outside investors.
“Any VC’s portfolio companies will raise from multiple investors; YZi Labs is simply one of the minority shareholders,” Zhang said, clarifying the fund’s role within its portfolio.
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YZi Labs, led by CZ and Ella Zhang, is an independent investment firm focused on crypto, AI, and biotech. The firm rebranded from Binance Labs earlier this year and now backs a range of projects, including crypto treasury firms such as Hash Global and B Strategy.
After completing his Department of Justice sentence, CZ refocused on education and later became active in investment through YZi Labs. The firm is described in public reporting as a sizable investor with a broad portfolio; public figures reference it supporting over 250 startups and Web3 companies, and its parent investment operations are reported at a multibillion-dollar scale.
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