{"id":531534,"date":"2025-09-24T22:30:52","date_gmt":"2025-09-24T17:00:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=531534"},"modified":"2025-09-24T15:51:24","modified_gmt":"2025-09-24T10:21:24","slug":"cz-news-binance-founder-slams-negative-narratives-whats-going-on","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cz-news-binance-founder-slams-negative-narratives-whats-going-on\/","title":{"rendered":"CZ news: Binance founder slams ‘negative narratives’\u00a0– What’s going on?"},"content":{"rendered":"

Key Takeaways\u00a0<\/strong><\/h2>\n

Why did CZ dismiss the FT report?<\/span><\/em><\/h3>\n

CZ clarified that FT\u2019s claims about YZi Labs and his past charges were incorrect.\u00a0<\/span><\/p>\n

Did the FUD impact BNB?<\/span><\/em><\/h3>\n

No, BNB market sentiment remained positive despite the development.\u00a0<\/span><\/p>\n

\n

Binance [BNB]<\/span><\/a> exchange founder Changpeng Zhao (CZ) has slammed claims by the Financial Times (FT) that his fund, YZi Labs, is seeking external investors.\u00a0<\/span><\/p>\n

CZ <\/span>called<\/span><\/a> the FT\u2019s report \u201cfake\u201d and accused the outlet of pushing \u201cnegative narratives.\u201d He said reporters promised positive coverage but attempted to frame YZi Labs differently.<\/span><\/p>\n

\"CZ<\/a>
Source: X<\/figcaption><\/figure>\n

He clarified that Yzi Labs was not \u201cspun out\u201d of Binance, and he wasn\u2019t charged for \u201cstealing user funds\u201d as the FT <\/span>report<\/span><\/a> alleged.\u00a0<\/span><\/p>\n

\u201cI plead to a single violation of BSA, failure to maintain an adequate anti-money laundering program. Contrary to what FT characterized as “money laundering” violations. Failure to police is not the same as stealing.\u201d<\/span><\/p><\/blockquote>\n

‘We are frustrated’<\/strong><\/h2>\n

For her part, Ella Zhang, Head of YZi Labs, who met with FT, <\/span>noted<\/span><\/a> that the interview was a \u201ctrap\u201d for another agenda.\u00a0<\/span><\/p>\n

\u201cWe are good, just frustrated\u2026per the journalist request to set up for an \u201cintro call\u201d hoping to know a new friend interested in crypto, but it\u2019s a trap for other agenda.\u201d<\/span><\/p><\/blockquote>\n

\"CZ<\/a>
Source: X<\/figcaption><\/figure>\n

She added that some of their portfolio companies may be raising external money, but that doesn\u2019t mean the fund (YZi Labs) is also doing the same.\u00a0<\/span><\/p>\n

\u201cAny VC\u2019s portfolio companies will raise from multiple investors; YZi Labs is simply one of the minority shareholders.\u201d<\/span><\/p><\/blockquote>\n

YZi Labs\u2019 focus<\/strong><\/h2>\n

YZi Labs is reportedly an independent investment firm led by CZ and Ella Zhang, and its focus <\/span>spans<\/span><\/a> crypto, AI, and biotech.\u00a0<\/span>In crypto, the fund has recently backed BNB crypto treasury firms, like <\/span>Hash Global<\/span><\/a> and <\/span>B Strategy<\/span><\/a>. <\/span><\/p>\n

That said, it\u2019s not the first time CZ has dealt with FUD from traditional media.<\/span><\/p>\n

In May, he <\/span>dismissed<\/span><\/a> claims by the Wall Street Journal (WSJ) that he helped the Trump-backed World Liberty Financial expansion. He termed the WSJ report \u2018misleading\u2019 and designed to serve an anti-crypto agenda.\u00a0<\/span><\/p>\n

After serving the DoJ sentence, CZ shifted his focus to education, but later became active in investment activities at YZi Labs after it <\/span>rebranded<\/span><\/a> from Binance Labs earlier this year. <\/span><\/p>\n

The $10 billion investment firm now supports over 250 start-ups and Web3 companies.\u00a0<\/span><\/p>\n

BNB sentiment holds firm<\/strong><\/h2>\n

Despite the FUD, BNB\u2019s Weighted Sentiment stayed positive. According to Santiment, the token reclaimed the $1,000 mark as of press time.<\/p>\n

\"CZ\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

BNB reclaimed $1000 as CZ cleared FUD about YZi Labs and his past. <\/p>\n","protected":false},"author":79,"featured_media":531542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,6378,66,3,4,20],"tags":[6427],"class_list":["post-531534","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-binance-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"\nCZ news: Binance founder slams 'negative narratives'\u00a0- What's going on? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Binance founder CZ slammed a Financial Times report that alleged that his YZi Labs was open for external investors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/cz-news-binance-founder-slams-negative-narratives-whats-going-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ news: Binance founder slams 'negative narratives'\u00a0- What's going on? 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