TechFlow news — On January 23, according to Bloomberg, Zhao Changpeng (CZ), the former CEO of Binance with a net worth of around $70 billion, announced that Binance Labs will be renamed YZi Labs and transformed into a family office.
YZi Labs currently manages approximately $10 billion in crypto-related assets. Ella Zhang, the original founding lead of Binance Labs, will return to manage the firm. Additionally, YZi Labs will also manage the assets of Yi He, co-founder of Binance.



