Core Viewpoint - Binance co-founder Changpeng Zhao (CZ) has strongly denied a Financial Times report suggesting that his venture capital firm YZi Labs is planning to raise outside capital, labeling the article as "fake news" and asserting that YZi Labs has never pitched to external investors [1][3][6] Group 1: YZi Labs Overview - YZi Labs, rebranded from Binance Labs earlier this year, is a $10 billion venture capital firm managing CZ's estimated $80 billion fortune along with funds from Yi He and early Binance executives [4] - The firm has investments in over 250 projects, including notable names like Polygon, Aptos, and CertiK, and has expanded its focus beyond cryptocurrency to include AI and biotech [4] Group 2: Response to Financial Times Report - The Financial Times article suggested that YZi Labs was evolving from a family office into an externally facing investment vehicle, indicating potential expansion plans due to regulatory discussions and investor interest [2][6] - CZ refuted the claims made by the Financial Times, emphasizing that there has been no communication regarding fundraising efforts and criticized the media for conflating different issues related to his legal situation [3][5]