A post by @cz_binance on X.
Kaiser has done great work and is a good friend. He shared his plans to build a startup a few months ago. We not only wish him every success, YZiLabs is always keen to back ventures founded by current or former colleagues.
@cz_binance on X
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Binance co-founder Changpeng Zhao publicly endorsed departing colleague Kaiser's startup plans, saying on X that Kaiser had shared his intention to found a company several months ago and that YZi Labs stands ready to back ventures launched by current or former Binance staff. The post, which did not name the startup, its sector or any funding amount, signals that Zhao's family office and venture arm intends to remain a source of capital for Binance alumni. The endorsement matters because YZi Labs has become a notable backer of early-stage crypto and Web3 projects, and Zhao's public support can lend credibility to founders spinning out of the exchange. No token, chain, valuation or investment figure was disclosed, leaving the startup's focus and any YZi Labs commitment as the details to watch.
Muhabbit's AI wrote this summary of @cz_binance's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Kaiser, CZ, YZiLabs, Binance