Changpeng Zhao (CZ), the founding father of the world’s largest cryptocurrency trade Binance, made a press release relating to whether or not YZi Labs (previously Binance Labs) has invested in Hyperliquid.
Making a press release from the X account, CZ said that YZi Labs doesn’t have any funding, token or inventory in Hyperliquid.
CZ responded to rumors that Binance was supporting Hyperliquid founder Jeff Yan, clarifying that YZiLabs by no means invested in Hyperliquid.
CZ reminded the crypto neighborhood that Jeff Yan was a part of YZiLabs’ first incubation group in 2018.
Nonetheless, he said that the mission failed and YZiLabs was unable to get well any funding.
CZ additionally said that he had little or no interplay with Jeff and that they have been even supposed to satisfy with Jeff Yan just a few months in the past however on account of a scheduling error, the deliberate assembly didn’t occur.
CZ added that he helps the builders it doesn’t matter what occurs.
“In case you do not know, Jeff (HL) was a part of YZiLabs’ (then Binance Labs) incubation season 1 batch in 2018
Sadly, this mission failed. YZiLabs by no means recouped any of its funding. This stuff occur.
I did not have a lot contact with Jeff again then. Nonetheless, I used to be scheduled to satisfy with him just a few months in the past, however on account of scheduling points, I missed it. We by no means had an opportunity to reschedule.
So far as I do know, YZiLabs has not been given any funding (inventory or token) in HL and it’s not owned by YZiLabs.
We help all builders it doesn’t matter what!”
Gossip tweet. Noticed a few posts on this subject:
In case you did not know, Jeff (HL) was a part of the YZiLabs (Binance Labs again then) incubation season 1 cohort in 2018. 🤣
Sadly, that mission failed. YZiLabs didn’t recoup any of its funding. It occurs.
I didn’t… https://t.co/zUVtjQ3RCO
— CZ 🔶 BNB (@cz_binance) October 10, 2025
*This isn’t funding recommendation.
