CZ Says FT Report on YZi Labs Could Be Misleading as BNB Sentiment Remains Positive

The post CZ Says FT Report on YZi Labs Could Be Misleading as BNB Sentiment Remains Positive appeared on BitcoinEthereumNews.com.

CZ says the Financial Times’ claims about YZi Labs seeking outside investors are false. CZ clarified YZi Labs was not spun out of Binance and his prior plea was a single BSA violation, not theft. BNB sentiment remained positive after the clarification. CZ refuted FT claims about YZi Labs and past charges. CZ and YZi Labs leadership said the FT interview misrepresented facts and intent. Santiment data showed BNB’s weighted sentiment stayed positive and the token reclaimed the $1,000 level. CZ YZi Labs response front-loaded: CZ denies FT claims about YZi Labs; read the update and market impact. Stay informed — follow COINOTAG for verified coverage. What did CZ say about the FT report on YZi Labs? CZ YZi Labs: Changpeng Zhao said the Financial Times’ report mischaracterized YZi Labs and his prior legal plea. He stated the fund was not “spun out” of Binance and that his admitted charge was a single BSA violation related to anti-money-laundering controls, not theft of user funds. Why did CZ call the FT report “fake”? CZ publicly described the article as pushing a negative narrative. He claimed reporters initially sought a positive introduction but framed YZi Labs and his past charges inaccurately. Ella Zhang, Head of YZi Labs, described the interview setup as a “trap” aimed at a different agenda. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Source: X How did…