Finance
A Most Curious Development!
- ‘Tis rumored that YZi Labs, the familial treasury of the esteemed (and formerly incarcerated!) Monsieur CZ, doth contemplate admitting outsiders to its beneficence.
- The Head of said Labs, a Madame Zhang, doth declare they require but a smattering more of expertise before opening the coffers wide. A curious condition, indeed!
- This YZi, but lately transformed from a mere appendage of Binance, now claims the mantle of a *family* office – a most exclusive club, one would think!
Hark! The Financial Times doth report that YZi Labs, founded by the honorable Changpeng “CZ” Zhao, may, perchance, deign to accept investment from those beyond his immediate circle. One wonders if a lavish ball is to be thrown to celebrate this momentous decision? 🧐
This company of ten billion dollars, formerly known as Binance Labs, now entertains the notion of becoming a fund for all and sundry, or so claims Madame Zhang in a recent interview. A dizzying prospect, to be sure!
“There are always many a soul eager to entrust their fortune to us,” quoth Madame Zhang, “and we shall, in due course, consider transforming YZi into a public spectacle… er, fund.”
Though possessing a certain *savoir faire* in the realm of Web3, YZi confesses to being but a babe in the woods when it comes to the wonders of Artificial Intelligence and the mysteries of Biotech. A humble admission, though one suspects a cunning ploy to inflate their worth! 😈
“We require but a gathering of skilled practitioners,” Madame Zhang insists, “and then -*then!*- we shall throw open the gates to external investors.”
It is worth noting that YZi underwent a rather… *convenient* transformation from a simple venture arm of Binance to a “family office” shortly after Monsieur CZ’s sojourn within the King’s gaol – a mere four months for a lapse in identifying his clientele! Such oversight! 😮
Having relinquished his position as CEO of Binance as part of his agreement with the authorities, Monsieur CZ now dedicates his attention to YZi, which manages the wealth of both himself and Madame Yi He, a longtime companion and fellow founder. A cozy arrangement, to say the least!
Pray tell, what is a family office, you ask? Why, it is a sanctuary for the wealth of a single family, not meant to be disturbed by the vulgar masses seeking to partake! A most exclusive affair, indeed. Unless…?
YZi Labs, when pressed for comment by CoinDesk, remained as silent as a stone. A most unforthcoming reaction, wouldn’t you agree? 🤔
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2025-09-23 12:41