Binance co-founder CZ denies that YZi Labs will introduce external funding

On September 24, news reported that Binance co-founder CZ (Zhao Changpeng) stated that YZi Labs has not sought any external investment and has had no contact or discussions with external investors. Previously, some media cited comments from YZi Labs head Ella Zhang, claiming that the organization would open up to external funding, which CZ denied, emphasizing that YZi Labs has been operating independently since its brand overhaul.

Ella Zhang later clarified that raising funds for a portfolio does not equal raising funds from LPs. She also stated that the Financial Times article incorrectly represented public documents and U.S. law. $BNB