Binance CEO Zhao Changpeng (CZ) has refuted claims made in a Financial Times report regarding YZiLabs. In a post on X, CZ stated that the report contains false information and clarified that he has not read the original article but is responding based on social media comments. He emphasized that YZiLabs has not raised external funds, nor has it created or prepared any fundraising materials. Additionally, CZ confirmed that there has been no contact or presentations with Paul Atkins, and YZiLabs has not engaged with any external investors since its rebranding. He also clarified that YZiLabs was not established as a spin-off from Binance.