Yi He: YZi Labs Operates Independently, Welcomes Criticism and Public Oversight

Binance co-founder Yi He published an article on Binance Square to clarify the relationship between YZi Labs and Binance, emphasizing that criticism and public oversight are welcomed.Yi He explained that Binance Labs has been rebranded as YZi Labs and operates independently, with Ella Zhang as the head, and CZ directly managing YZi Labs. Currently, YZi Labs has invested in thousands of projects, with only a small portion listed on Binance. From the day the Labs team was established, they have operated as two completely independent teams, each making its own decisions.Yi He further emphasized that if there is evidence of bribery, the public is encouraged to report it, and public oversight is welcomed. If any Binance or Binance-affiliated employee demands money, shares, or tokens from a project or partner, Binance will ensure those individuals face legal consequences.Yi He added that reports regarding YZi Labs can be made directly to CZ or Ella Zhang, while reports related to Binance or Yi He can be sent to Binance's public internal audit email. The reward for reporting remains in effect, and all evidence can help bring wrongdoers to justice, ensuring a cleaner industry.Yi He concluded by stating that criticism is welcomed, as it helps the company reflect and improve.