CZ Refutes Claims of YZi Labs Securing External Funding
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 23 2025CZ Denies Fundraising Claims: Binance co-founder Changpeng Zhao has rejected reports that YZi Labs, the venture firm he co-founded, is planning to raise external capital, asserting that the firm operates independently and has not engaged in discussions with potential investors.
Clarification on Legal Matters: Zhao also addressed misconceptions regarding his legal case, clarifying that he pled guilty to a BSA violation, not money laundering, and criticized media for misrepresenting the facts surrounding his situation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
