Binance founder, Changpeng Zhao (CZ), has dismissed a report on YZi Labs by Financial Times, claiming the report is fake news. Binance founder Changpeng Zhao (CZ) has pushed back against a recent Financial Times report about YZi Labs, a crypto investment firm linked to his fortune. “Complete false news from FT, with fake/wrong/made-up info and negative narratives. CZ then went ahead to list a series of clarifications about YZi Labs. The Binance founder also defended his past brush with the U.S. legal system, which was mentioned in the report.