CZ Slams FT Over YZi Labs Funding Rumors: “Completely False”

Binance founder Changpeng “CZ” Zhao has denied reports that his family office, YZi Labs, is preparing to raise outside capital. Zhao issued the rebuttal on X on Monday, calling a Financial Times article on the matter “completely false” and filled with “made-up info and negative narratives.” The FT report had suggested that YZi Labs, which was established in January to manage Zhao’s personal wealth, was considering opening its $10 billion investment vehicle to external backers in the future. Citing comme ...