Former Binance CEO Changpeng Zhao (CZ), who is worth about $70 billion, announced that Binance Labs will be renamed YZi Labs and transformed into a family office.
It is reported that YZi Labs currently manages about $10 billion in crypto-related assets. Former Binance Labs founding head Ella Zhang will return to manage the agency. In addition, YZi Labs will also manage the assets of Binance co-founder Yi He.
CZ transforms Binance Labs into a family office with approximately $10 billion under management
2025-01-23 14:33:56
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