CZ Refutes FT: YZi Labs Independent and BNB Sentiment Holds
Changpeng Zhao (CZ) publicly rejected a Financial Times report, calling its claims of external fundraising for YZi Labs “fake” and FUD. He clarified that YZi Labs—rebranded from Binance Labs—is fully independent and not seeking outside capital. CZ highlighted that his 2022 plea involved a single BSA violation over anti-money-laundering (AML) controls, not money laundering or misappropriation of user funds. Ella Zhang, Head of YZi Labs, criticized the FT interview as misleading and emphasized that only YZi Labs’ portfolio companies may seek external investments. YZi Labs now manages a multibillion-dollar portfolio spanning crypto, AI and biotech, backing over 250 startups. Market data from Santiment shows BNB sentiment remained positive throughout the coverage, with the token reclaiming the $1,000 level. These clarifications have helped limit any negative impact on trader confidence and BNB’s market outlook.
Bullish
The swift and clear rebuttal by CZ and YZi Labs management has neutralized conflicting reports and prevented significant FUD from spreading. Market data from Santiment shows BNB sentiment has remained positive and the token reclaimed the $1,000 level, indicating sustained buyer interest in the short term. The confirmation of YZi Labs’ independence, strong portfolio across crypto, AI and biotech, and absence of money laundering allegations reinforces confidence in BNB’s underlying ecosystem. Over the long term, this transparency and institutional-strength investment arm are likely to attract more capital into the Binance ecosystem, supporting continued upward momentum. Collectively, these factors point to a bullish outlook for BNB in both the near term and beyond.