CZ: YZiLabs Did Not Seek Any External Investors, FT Reported Completely False News

BlockBeats News, September 24th, CZ clarified in a social media post, stating, "The Financial Times published completely fake news, filled with incorrect/fabricated information and a negative narrative. To my knowledge:

· YZiLabs did not raise any external funding.
· There was no demo at all. The fund was supposed to show a demo? What kind of ghost is this?
· YZiLabs has never had any roadshow materials, not even prepared any.
· Since the rebranding, YZiLabs has not sought any external investors. No requests, no discussions.
· There was no demo, and no communication with Paul Atkins, the chairman of YZiLabs, or me.

I have great respect for Chairman Atkins, based solely on the publicly available information I have seen. YZiLabs operates independently. Contrary to what FT claimed, YZiLabs did not "spin off" from Binance. I admit to breaking a Bank Secrecy Act (BSA) violation once, failing to maintain an adequate Anti-Money Laundering (AML) program, but it is entirely different from the "money laundering" violation claimed by FT.

"Failure to regulate" does not equal "theft." These are two completely different concepts that the traditional media always intentionally confuses. FT has long tried to invite me to lunch for an interview, promising a positive report. I almost agreed last week, but ended up being too busy at the last minute, so Ella had lunch with them first, and it turned out like this."