Binance Labs Transforms Into YZi Labs
Binance’s former CEO Changpeng “CZ” Zhao has assumed an “active role” in YZi Labs, a rebranded investment vehicle previously known as Binance Labs. This shift follows CZ’s resignation after pleading guilty to U.S. regulatory violations.New Investment Horizons Beyond Crypto
YZi Labs plans to broaden its focus, investing in artificial intelligence (AI) and biotechnology alongside Web3. Co-founder Ella Zhang will return as head of YZi Labs, which CZ describes as a “family office investment vehicle.”Legacy of Binance Labs
Under its previous name, Binance Labs invested in major crypto firms like Polygon and Injective. CZ’s involvement will provide strategic guidance to startups, leveraging his expertise despite his legal controversies.Regulatory Fallout and Future Prospects
Binance and CZ paid over $4 billion to settle allegations of money laundering and unregistered operations. As CZ transitions to YZi Labs, his focus appears set on redefining his role in tech investments beyond Binance.
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