CZ denounced the Financial Times report as fake news, saying YZiLabs was unfunded and operated independently
2025-09-23 18:02:40
CZ responded to the Financial Times report, calling it "completely fake news" and clarifying that YZiLabs was not externally funded and that its independent operations were not spun off from Binance. He acknowledged that the only problem was the failure to maintain an adequate anti-money laundering program, unlike what the media called "money laundering violations", criticizing the media for deliberately confusing the concept.
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