CZ Addresses Rumors About Investing in Popular Altcoin!

Changpeng Zhao (CZ), the founder of the world's largest cryptocurrency exchange Binance, made a statement regarding whether YZi Labs (formerly Binance Labs) has invested in ￰1￱ a statement from the X account, CZ stated that YZi Labs does not have any investment, token or stock in ￰2￱ responded to rumors that Binance was supporting Hyperliquid founder Jeff Yan, clarifying that YZiLabs never invested in ￰3￱ reminded the crypto community that Jeff Yan was part of YZiLabs' first incubation group in 2018. However, he stated that the project failed and YZiLabs was unable to recover any ￰4￱ also stated that he had very little interaction with Jeff and that they were even supposed to meet with Jeff Yan a few months ago but due to a scheduling error, the planned meeting did not ￰5￱ added that he supports the developers no matter what happens.

“In case you don't know, Jeff (HL) was part of YZiLabs' (then Binance Labs) incubation season 1 batch in 2018 Unfortunately, this project ￰6￱ never recouped any of its ￰7￱ things happen. I didn't have much contact with Jeff back then. However, I was scheduled to meet with him a few months ago, but due to scheduling issues, I missed ￰8￱ never had a chance to ￰9￱ far as I know, YZiLabs has not been given any investment (stock or token) in HL and it is not owned by ￰10￱ support all builders no matter what!” Gossip ￰11￱ a couple of posts on this topic: If you didn't know, Jeff (HL) was part of the YZiLabs (Binance Labs back then) incubation season 1 cohort in 2018.

Unfortunately, that project ￰12￱ did not recoup any of its ￰13￱ happens. I did not… ￰0￱ — CZ BNB (@cz_binance) October 10, 2025 *This is not investment ￰14￱ Reading: CZ Addresses Rumors About Investing in Popular Altcoin!