CZ Binance Strongly Denies YZi Labs Investment Claims

The recent activity in the crypto market has been attracting investors' attention. However, a recent statement by Changpeng Zhao (CZ) revealed that some speculative reports are not true. The Financial Times has reported that YZi Labs is rumored to be seeking outside investors. These claims included that YZi Labs could become a $10 billion public fund, and statements from the company's head Ella Zhang that investor interest was high.

But CZ made it clear in a post on social media platform X that these stories were "unfounded". Underlining that YZi Labs has not met with a single outside investor since its rebranding, CZ stated that they have not made any requests and are not involved in any preparations. He also emphasized that YZi Labs operates independently of Binance and stands on its own two feet.

CZ reminded that Ella Zhang's statements to the press in the past have often been misquoted and pointed out that media outlets are "misleading". This has the potential to lead to a confusion of information that could mislead investors.

YZi Labs was founded by CZ and Zhang in 2018 under the name Binance Labs and adopted its current name in January 2025. The company is known as one of the most influential venture capital funds in the crypto ecosystem. Investing in pioneering projects such as 1inch, Aptos, Polygon, CertiK, LayerZero and Mysten Labs, YZi Labs is known for its long-term approach. In the past, the company raised a $500 million fund in 2022 and returned its unused capital to investors. In line with CZ's statements, the current YZi Labs model is entirely self-funded.

In conclusion, it is extremely important for investors to obtain information from the right sources when following the dynamics of the crypto economy. Understanding the facts and making the right decisions, without getting lost in the waves of misinformation in the media, will be critical to better evaluate investment opportunities.