Binance Labs Gets Major Overhaul With CZ Taking Active Role in Investments
Binance Labs, the venture capital arm of Binance, is undergoing significant changes as it rebrands to YZi Labs. This transformation includes Changpeng Zhao (CZ), the former CEO of Binance, taking a more active role in investment decisions. The rebranding signifies a shift towards a family office structure for CZ and Binance co-founder Yi He. This change comes on the heels of CZ's four-month prison sentence and subsequent stepping down from leadership at Binance following a guilty plea in the U.S. It's reported that the pivot to YZi Labs is intent on focusing more closely on the investment strategy of this newly formed family office, reflecting a more personal approach to investments by its key figures.
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