Changpeng Zhao and YZi Labs leadership firmly reject claims of pursuing outside investment, stressing independent operations and criticizing media misrepresentation of legal and corporate filings.
Binance co-founder Changpeng Zhao (CZ) reiterated that YZi Labs has not sought external investment, dismissing earlier reports that suggested otherwise. He emphasized the company’s independent operations following its rebrand. YZi Labs head Ella Zhang clarified that portfolio fundraising should not be confused with raising funds from limited partners (LPs) and criticized the Financial Times for misinterpreting public documents and U.S. law. The statements directly countered speculation about YZi Labs seeking outside investors.