• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

CZ Bold Move Post Prison and Binance: $70Bn and a New Family Office – YZi Labs

SB Crypto Guru News by SB Crypto Guru News
January 24, 2025
in Bitcoin
0 0
0
CZ Bold Move Post Prison and Binance: Bn and a New Family Office – YZi Labs


Fresh out of prison, Changpeng Zhao, known as CZ Binance or CZ BNB, is now worth $70 billion and founded YZi Labs. He’s transforming Binance Holdings, a former venture capital arm, into a family office. Binance Labs, which manages billions in crypto assets, will now be called YZi Labs, as announced on January 23rd of this year.

CZ has reappointed Ella Zhang, who initially established Binance Labs in 2018 before leaving after two years, to head the new venture. YZi Labs will also handle the wealth of Yi He, Binance’s co-founder and CZ’s partner, along with their three children.

CZ Bold Move Post Prison and Binance: Bn and a New Family Office – YZi Labs

(Source)

CZ’s Early Life Struggles to $70 Billion Success, From McDonald to Yzi

Changpeng Zhao, was born in Jiangsu, China, in 1977. At 12, CZ moved with his family to Vancouver, Canada, due to his father who faced exile for political reasons.

In British Columbia, Canada, he worked at McDonald’s and a gas station to support his family in his younger years. Despite hardships, CZ showed an early interest in computers and opted to study computer science at McGill University in Montreal.

After graduating, he joined the Tokyo Stock Exchange, where he developed software for matching trade orders.

In 2001, CZ moved to New York to work at Bloomberg Tradebook. He then developed futures trading software, gaining deep financial tech experience and expertise. By 2005, he founded Fusion Systems in Shanghai, and built high-frequency trading systems for brokers.

After, CZ began his crypto journey in 2013 after he learned about

.cwp-coin-chart svg path {
stroke-width: 0.65 !important;
}























Price









Volume in 24h



<!–
?
–>


Price 7d


during a poker game, he sold his apartment to go all-in in Bitcoin. An asset that then helped to catapult his wealth and still is in his holding. “If you can’t hold, you won’t be rich”, a famous CZ’s quote amongst Crypto Twitter community.

If you can’t hold, you won’t be rich.

— CZ 🔶 BNB (@cz_binance) February 10, 2021

In 2017, CZ launched Binance, which raised $15 million through an ICO. Soon, it handled millions of transactions daily and quickly became the world’s biggest and most trusted crypto exchange.

Contrary to his Binance success, CZ faced US legal issues in 2023, including fraud and money laundering charges. He pleaded guilty, agreeing to a $50 million fine, while Binance itself paid a hefty $4.3 billion penalty.

In addition to this, CZ stepped down as CEO, changed his alias to CZ BNB, and retained a significant stake in Binance. His legal battles were concluded with a four-month prison sentence in 2024.

YZi Labs After Binance Labs – CZ & Yi He’s Family Office

After his release from California prison, CZ, in his post-prison buffed look [absolute chad], pledged in a post on X to focus on investments that prioritize “impact” over returns.

He also said his recent project named Giggle Academy, a non-profit online education platform, would be a big part of his life. In addition, CZ turned Binance Labs into YZi Labs, a family office.

This new entity will manage his and Yi He’s wealth. YZi Labs planned to invest in AI and DeSci based projects. With YZi plans to scale up its team from nine to twenty members.

CZ's early life struggles to Binance and $70 billion success . Now with CZ and Yi He's new era in wealth management, from prison to Yzi Labs.

(Source)

CZ will actively participate in YZi Labs’ investment decisions while Ella Zhang returns to lead YZi. YZi labs planned to invest on project with $500,000 to $50 million range.

A Trump-led crypto-friendly US has bumped his net worth to around $70 billion, especially with

.cwp-coin-chart svg path {
stroke-width: 0.65 !important;
}























Price









Volume in 24h



<!–
?
–>


Price 7d


ranging around $700 a coin, and Bitcoin keeps defending its $100k mark. Furthermore, there’s no immediate need for him to add personal capital to YZi Labs, as CZ significant stake in Binance Holdings is his key asset.

Binance’s journey from a humble background to a crypto billionaire makes him a key figure in crypto. His resilience in facing legal and regulatory challenges is noteworthy, too. Now, with YZi Labs, Chengpeng Zhao looks to influence not just crypto but his views on technology in general.

EXPLORE: Who is Mark Uyeda? New SEC Chief Could Spark a Crypto Golden Age

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post CZ Bold Move Post Prison and Binance: $70Bn and a New Family Office – YZi Labs appeared first on 99Bitcoins.





Source link

Tags: 70BnBinanceBitcoin NewsBoldCrypto NewsCrypto UpdatesFamilyLabsLatest News on CryptoMoveOfficepostPrisonSB Crypto Guru NewsYZi
Previous Post

Trump Tokens Spark Concerns: Congress Urges Investigation

Next Post

Safemoon and Vine Are Trending Again – Are We Reviving the Ghosts of the Past?

Next Post
Safemoon and Vine Are Trending Again – Are We Reviving the Ghosts of the Past?

Safemoon and Vine Are Trending Again – Are We Reviving the Ghosts of the Past?

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
The Azuki NFT Team Launches An Anime Studio – Here’s More Info

The Azuki NFT Team Launches An Anime Studio – Here’s More Info

0
Sparkassen-Finanzgruppe Set to Unlock Crypto Trading

Sparkassen-Finanzgruppe Set to Unlock Crypto Trading

0
Bitcoin miners resist selling amid declining earnings

Bitcoin miners resist selling amid declining earnings

0
ETH Comes to XRP Crypto: XRP Price Prediction Shifts Hopes

ETH Comes to XRP Crypto: XRP Price Prediction Shifts Hopes

0
Nobitex Reboots: Iran’s Top Crypto Exchange Reopens After Alleged Israeli Hack

Nobitex Reboots: Iran’s Top Crypto Exchange Reopens After Alleged Israeli Hack

0
Collector Ken Griffin spends .1m on historic US documents signed by Abraham Lincoln – The Art Newspaper

Collector Ken Griffin spends $18.1m on historic US documents signed by Abraham Lincoln – The Art Newspaper

0
Dogecoin Enters Distribution Phase After Crash Below alt=

Dogecoin Enters Distribution Phase After Crash Below $0.15, Next Steps Revealed

July 2, 2025
BTC risks dropping to 0k as it slips below key support levels

BTC risks dropping to $100k as it slips below key support levels

July 2, 2025
SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

July 2, 2025
The Azuki NFT Team Launches An Anime Studio – Here’s More Info

The Azuki NFT Team Launches An Anime Studio – Here’s More Info

July 2, 2025
Why The Next Impulse Could Start Soon

Why The Next Impulse Could Start Soon

July 1, 2025
Wallet Of Satoshi Partners With Spark To Offer Self-Custodial Bitcoin Lightning Experience

Wallet Of Satoshi Partners With Spark To Offer Self-Custodial Bitcoin Lightning Experience

July 1, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.