Odaily News He Yi, co-founder of Binance, said in a statement, "Binance Labs has been renamed Yzi Labs and operates independently. Ella Zhang is the person in charge and CZ directly manages Labs. Currently, there are thousands of projects invested in, and only a very small percentage of the projects invested in are listed on Binance. From the first day of the establishment of Labs, these are two completely independent teams, each making independent decisions.
The coins listed on Binance are isolated by layers of firewalls, but one thing that is undeniable is that if Binance is willing to give a certain amount of coins as airdrops to users, it will serve as a reference indicator.
Labs staff and public investment project information, as well as the names of other investors in the market. Investment information is basically public information in the market. If there is a record of accepting bribes, we welcome evidence and public supervision. If any Binance or Binance employees ask for money, shares, or tokens from any project or partner, we will definitely send them to jail and ruin their reputation.
Reports about Labs can be sent directly to CZ or Ella, and reports about Binance and He Yi are welcome to be sent to the public Binance internal audit email. Reward reports are always valid.
As a BNB holder, I am a practitioner of "value investing". I firmly believe that whether it is entrepreneurship or investment, value creates price, and everyone's understanding of value is different.
We welcome evidence. Any evidence can bring bad guys to justice and leave a clean space for the industry. At the same time, we welcome criticism; criticism makes us reflect. "