CZ vs. FT: A Farce of Fake News and Frustrated Funds 📰💰

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Key Takeaways: A Carousel of Curiosities 🎪

Why did CZ dismiss the FT report with such delectable disdain? 🧐

Ah, the Financial Times, that bastion of British blandness, has once again stumbled into the labyrinth of its own making. CZ, the maestro of Binance, swatted away their claims like a gnat at a picnic, declaring their report on YZi Labs as “fake” and their narrative as “negative” – a term one might use for a raincloud at a garden party. 🌧️

Did the FUD ruffle BNB’s feathers? 🦢

Not in the slightest. BNB, that resilient phoenix, remained unperturbed, its market sentiment as steadfast as a chess grandmaster. ♟️

Changpeng Zhao, or CZ, as the crypto world affectionately abbreviates him, has taken to the stage with a flourish, denouncing the Financial Times’ allegations that his fund, YZi Labs, is courting external investors. “Fake!” he proclaimed, with the dramatic flair of a Shakespearean actor. “Negative narratives!” he added, as if the FT were a villain in a poorly scripted melodrama. 🎭

According to CZ, the reporters promised a sonnet of praise but delivered a dirge, attempting to paint YZi Labs in a light as flattering as a funhouse mirror. 🪞

CZ further clarified that YZi Labs was not “spun out” of Binance like a top from a child’s hand, nor was he charged with “stealing user funds,” as the FT so boldly alleged. “I plead to a single violation of the BSA,” he stated, with the precision of a surgeon, “failure to maintain an adequate anti-money laundering program. Failure to police is not the same as stealing.” 🕵️♂️

“I 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.”

‘We are frustrated’ – A Symphony of Sighs 🎻

Ella Zhang, the head of YZi Labs, who met with the FT, described the encounter as a “trap,” a word one might use for a mouse in a maze. “We are good, just frustrated,” she lamented, “per the journalist’s request to set up for an ‘intro call’ hoping to know a new friend interested in crypto, but it’s a trap for other agenda.” 🐭

“We are good, just frustrated…per the journalist request to set up for an “intro call” hoping to know a new friend interested in crypto, but it’s a trap for other agenda.”

She added, with the patience of a saint, that while some of their portfolio companies may be raising external funds, YZi Labs itself is not. “Any VC’s portfolio companies will raise from multiple investors; YZi Labs is simply one of the minority shareholders,” she explained, as if to a particularly dense student. 📚

“Any VC’s portfolio companies will raise from multiple investors; YZi Labs is simply one of the minority shareholders.”

YZi Labs’ Focus: A Tapestry of Ambition 🧵

YZi Labs, an independent investment firm led by CZ and Ella Zhang, casts its net wide, spanning crypto, AI, and biotech. In the crypto realm, the fund has recently backed BNB crypto treasury firms like Hash Global and B Strategy, a move as strategic as a chess opening. ♖

This is not the first time CZ has danced with the FUD from traditional media. In May, he dismissed the Wall Street Journal’s claims that he aided the Trump-backed World Liberty Financial expansion, labeling the report ‘misleading’ and as subtle as a sledgehammer. 📰

After serving his DoJ sentence, CZ turned his gaze to education, only to later re-emerge in the investment arena with YZi Labs, which rebranded from Binance Labs earlier this year. The $10 billion firm now supports over 250 start-ups and Web3 companies, a portfolio as diverse as a Nabokov novel. 📖

BNB Sentiment Holds Firm: A Rock in a Storm 🌩️

Despite the FUD, BNB’s Weighted Sentiment remained as positive as a summer’s day. According to Santiment, the token reclaimed the $1,000 mark, a feat as impressive as a tightrope walker crossing Niagara Falls. 🌉

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2025-09-24 20:24