Source item
Open original source ↗Complete false news from FT, with fake/wrong/made-up info and negative narratives. This is just from what I gathered on social media, I did not even read the FT article. No subscription. 🤷♀️
As far as I know:
YZiLabs is not raising external fund.
There is no demo. WTF is a demo for a fund?
There is no pitch deck for YZiLabs ever. Not even preparation of one.
YZiLabs, since rebranding, has not sought a single external investor. No requests, no discussions.
There has been no demo, no communications with Chairman Paul Atkins from YZiLabs or me.
I do respect Chairman Atkins tremendously, just from all the public info I see. 🙏
YZiLabs operates independently. Contrary to what FT said, YZiLabs was NOT “spun out” of Binance.
I plead to a single violation of BSA, failure to maintain an adequate ANTI-money laundering program. Contrary to what FT characterized as "money laundering" violations.
Failure to police is not the same as stealing. Two very different things that the traditional media keeps on intentionally mixing up.
FT tried for a long time to lure me to a lunch interview, promising it will be a positive coverage. I almost did it last week, but I was busy last minute, so Ella had lunch with them first, and this is what came out.
It was a trap! Cancelling that lunch now.
Ethics... 4.
Quoted context
These are the quoted author’s words.
BINANCE FOUNDER’S YZI LABS MAY OPEN TO OUTSIDE INVESTORS FT reports CZ’s $10B firm YZi Labs is weighing a move to let external investors in, with the potential to convert into a public fund. Head Ella Zhang said interest is strong, noting SEC Chair Paul Atkins even requested a private demo. YZi’s portfolio is ~70% digital assets after reviewing 50+ token proposals this summer. Source: FT
Crypto_TownHall ↗