CZ, YZi Labs Refute Report of Opening $10B Investment Company to External Investors

Binance co-founder Changpeng "CZ" Zhao has refuted a report by the Financial Times which said YZi Labs could be opened up to external investors. Zhao said the Tuesday report was "false news...with with fake/wrong/made-up info and negative narrative," in a post on X. "As far as I know...YZi Labs is not raising an external fund," Zhao wrote. The report had said that YZi Labs, which was rebranded from Binance's venture arm Binance Labs at the start of this year, is "open to the possibility of converting in ...