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CZ Confirms Former Binance Staff and YZi Labs Stake in Aster

CZ Confirms Former Binance Staff and YZi Labs Stake in Aster

Changpeng Zhao responded to claims about Aster's competition with Binance, clarifying his advisory role and the involvement of former Binance employees and YZi Labs in the project.

Fact Check
The statement is directly confirmed by the primary evidence cited from CZ's official X account (@cz_binance), which explicitly states that CZ confirms Aster has 'a couple of Ex-Binance employees and @yzilabs has a minority stake in it.' This claim is further corroborated by multiple secondary sources, including Cointelegraph and Galaxy, which also report on YZi Labs' investment and CZ's public comments about the project.
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Summary

Changpeng Zhao (CZ) confirmed his advisory role in Aster, acknowledging that several ex-Binance employees are part of the project. He also confirmed YZi Labs holds a minority stake, reinforcing Aster’s ties to Binance’s ecosystem and institutional support.

Terms & Concepts
  • Minority Stake: An ownership position in a company that is less than 50% of the total shares, providing limited control over corporate decisions.
  • Binance: A leading global cryptocurrency exchange known for its high trading volumes and extensive digital asset offerings.