CZ: FT report is false, YZi Labs has not sought external financing

CZ responded to the Financial Times report on social media, calling it false and fabricated information. He emphasized that YZi Labs has not sought external funding and has not solicited or held discussions with any investors since its rebranding. The project has never produced or presented a pitch deck, nor does it have a so-called "demo." Furthermore, YZi Labs is not a spinoff from Binance. He further clarified that he pleaded guilty only to failing to maintain adequate anti-money laundering (AML) compliance procedures, not to "money laundering" as the media has alleged. The two are completely different. He stated that traditional media outlets are deliberately confusing "regulatory failure" with "theft." The founder also pointed out that the FT attempted to elicit a positive response through a lunch interview, but the resulting report did not meet the promised content, raising questions about the FT's ethics.