ChainCatcher news, He Yi stated in the Binance Chinese official Space that he is no longer serving on the YZi Labs Investment Committee and will not have any investment impact on YZi Labs. The YZi Labs Investment Committee is currently mainly chaired by Zhao Changpeng and Ella.

ChainCatcher news, Binance co-founder He Yi stated:Binance Labs has been renamed to Yzi Labs and operates independently, with Ella Zhang as the head. Zhao Changpeng directly manages Labs, and they are completely independent teams from Binance, making their own decisions. There are multiple firewalls isolating the listing process at Binance, but it is undeniable that the amount of tokens offered for airdrops to Binance users will serve as a reference indicator.The information about Labs staff and publicly available investment projects, as well as the names of other market investors, is basically public market information. If there are records of bribery, please provide evidence, and public supervision is encouraged. Reports regarding Labs can be sent directly to Zhao Changpeng or Ella, while reports about Binance and He Yi can be sent to the publicly available Binance internal audit email. The reward for reporting is valid for a long time.Do not believe any scams claiming to be friends, relatives, or acquaintances of He Yi or Zhao Changpeng. It is hoped that Labs and all industry practitioners and investors will become close friends, and as a co-founder of Binance, I believe in "user first."

ChainCatcher news, according to official sources, the on-chain infrastructure for token distribution and credential verification, Sign, has completed a $16 million financing round led by Yzi Labs. Altos Ventures, HackVC, and Amber Ventures also participated.It is reported that Sign is aggregating verified credentials on-chain to build a larger network, thereby creating a more transparent and secure token distribution infrastructure.

ChainCatcher news, YZi Labs director Ella Zhang shared a tweet from Zhao Changpeng on X (formerly Twitter) and stated that YZi Labs will not prioritize short-term financial returns but will focus on finding companies/projects that can continuously create long-term value. Such companies typically have three key characteristics:Strong competitive moats;Management teams with a long-term vision;Resilience and adaptability to economic cycles and market fluctuations.Previous news, Zhao Changpeng tweeted: Stick to fundamental investing, time will be on your side.

ChainCatcher news, according to Bloomberg, as the cryptocurrency continues to rise, Changpeng Zhao's net worth has reached $70 billion, and he has transformed the venture capital firm Binance Labs into a large family office.Binance Labs announced its rebranding to YZi Labs. Ella Zhang has returned to YZi Labs and will serve as the head. Ella Zhang co-founded Binance Labs with Changpeng Zhao in 2018 and was its first head.In an interview, Ella Zhang stated that YZi Labs is a variation of the name of Binance's co-founder and has now become "a pure family office investment tool." A spokesperson for YZi Labs mentioned that the company does not have a formal headquarters, as its employees work remotely.

ChainCatcher news, Binance Labs has been renamed to YZi Labs, while expanding its investment focus to cover Web3, AI, and biotechnology.It is reported that Ella Zhang will return to YZi, serving as the head of YZi Labs. In 2018, Ella co-founded Binance Labs with CZ and served as its first head. Ella left the company in 2020, and now she is returning to YZi Labs.