Changpeng “CZ” Zhao rejects reports on alleged search for investors for Yzi Labs

The co -founder and former CEO of Binance, Changpeng “CZ” Zhao publicly denied the reports that YZI LABS – Family company known as Binance Labs— be considering opening to external investors or converting its operation into an investment fund of USD $ 10,000 million.

Zhao’s comments came to place in a message posted through his X account, where he said “Yzi Labs is not raising external funds” And that, from its rebranding, “Not a single external investor has been sought.”

CZ denies rumors about Yzi Labs
It is not raising external funds.
There are no conversations or USD 10,000m background.
It operates independently after rebranding and focus on AI and Biotec. pic.twitter.com/ux8V5JMHBC

– Diario ฿ Itcoin (@diariobitcoin) SEPTEMBER 23, 2025

The statement arises after published reports in the morning citing the director of YZI LABSShe Zhang said that the risk capital firm could be transformed into a large -scale investment fund oriented to the public. According to reports, Zhang would have said that “There are many interested external investors” and that eventually “It will be considered to turn it into an external background.”

Zhao denied those statements and stressed that YZI LABS It wasn’t “Delivery” of Binance, It operates independently. This position reinforces previous comments from Zhang, who had indicated that Binance Labs He had worked for years autonomy while leaning on the brand of the International Exchange.

Background and rebranding of Yzi Labs

YZI LABS It is a word game with the names of their co -founders Zhao and Zhang. The firm was restructured in January, shortly after Zhao was released after completing a four -month sentence in prison. He declared himself guilty of violating the Bank Secret Law for not maintaining an adequate money laundering prevention program for Binance

The relaunch marked a strategic turn towards emerging sectors such as artificial intelligence and biotechnology. Zhang declared al Financial Times that the company must first strengthen its experience in these areas before considering opening to external capital. “When we have that confidence level, we will open the door to external investors,” It is attributed to having said.

However, Zhao has insisted that, for now, there are no plans or discussions in this regard. “No requests, no discussions”emphasized his message in X, adding that some media confuse lack of supervision with illicit acts: “Failure to supervision is not the same as stealing. They are very different things that traditional media continue to mix intentionally.”

Relationship with Binance and investment trajectory

The relationship between Binance and YZI LABS It has been subject to speculation. Although Zhang and Zhao co -founded Binance Labs In 2018, both have repeated that the firm has worked autonomy. Bloomberg previously reported that Zhao would assume “An active role” After the rebranding, but also cited Zhang saying that YZI would operate “Purely as a family investment vehicle”something that the firm is currently denies. “We do not identify as an office of this type”declared a spokesman for YZI to The Block.

In 2022, Binance Labs He lifted a $ 500 million fund with external investors, including DST Global Partners and Breyer Capital. However, Zhang said that unused capital was returned, mostly from Binance This return reinforces the narrative that, currently, YZI It does not seek external capital and maintains a long -term approach.

YZI LABS It is one of the most influential risk capital funds in the crypto sector. Has invested in projects such as 1inch, Aptos Labs, Certik, Dune Analytics, Layerzero, Mysten Labs and Polygon. Zhang explained in previously published reports that “Demand is very high” And that many investors want to participate with YZI, But he stressed that the approach is “Super in the long term” and? “There is no hurry to get out of investments” Since it is difficult to meet quick return expectations.

A dispute narrative

Zhao said the Financial Times He asked for an interview promising favorable coverage, but due to agenda conflicts he could not attend her and Zhang “I had them first with them”. This episode feeds the perception that Zhang’s statements have been wrong on several occasions.

The combination of operational independence, ambition in new sectors and caution before external investors shows that YZI LABS He prefers to consolidate his position before undertaking a massive opening of capital. The tension between the media interest and the internal strategy of the firm will continue to be a topic of debate in the industry.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, Created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter