He was running the largest encryption empire, you can get time, serve time, and now it is everything about artificial intelligence and biotechnology. But as CZ looks forward, the organizers in France look back.
From Binance to Yzi Labs
Changpeng ZhaoMore known as "CZ", once the most influential form of encryption, returned - but this time, in a different role.
After step down as BinanceCEO in 2023 and Submission Four months imprisonment in the United States for compliance failure, Check Tarsel Return With Yzi Labs - a reputation version of Binance Labs that expands its focus beyond the encryption world.
Unlike its predecessor, which was primarily sponsored by Blockchain startups, Yzi Labs expands them rangeAdventure in artificial intelligence and biotechnology.
The initiative Ella Chang, a familiar face of Binance Labs, will lead, and will re -submit a 12 -week personal residence program for startup founders. CZ will also participate, providing guidance for the next generation of entrepreneurs.
Yzi Labs has already invested its main investment, as it led a $ 16 million financing round for the brand, a platform aimed at improving the verification of the series dependence on the series and the distribution of the distinctive symbol.
Tokentable, a tool designed to treat common problems with AirroproPs, such as distinctive mismanagement and fraudulent demands of fake accounts.
CZ has pointed out that the infrastructure and confidence infrastructure in Blockchain remains essential to see it, saying in wealth a report"The correct distribution builds confidence, and verifying is an essential part of it."
But while Chic Chic is looking for a coming, Binance is still linked to organizational battles. The French authorities have Firing A new investigation in alleged fraud and money laundering, adding to the stock exchange history of legal problems.
Check Check may have moved away to Bennes, but will the organizers and industry allow him to move easily? And while you are fighting Binance for its future, to what extent will its past return to the Chamians of Halia? Let's try to decode.
Binns problems endless
On January 28, the French authorities escalated their investigations into Binance, with a judicial investigation into the alleged money laundering, tax fraud, and the provision of unauthorized digital asset services, Reuters I mentioned.
The Paris Public Prosecutor's Office confirmed that the investigation covers the activities of Binance between 2019 and 2024, with a special focus on money laundering associated with drug trafficking.
This represents a major development in the case that started as an initial investigation in June 2023, driven by complaints from users who claimed to have lost money due to the misleading information provided by the platform.
The allegations also extend to Binance operations in France and through the European Union, where the company accuses the work without appropriate regulatory approvals.
In response, Binance denied these allegations, describing them as "several years". The company stated that "Binance completely denies these allegations and will fight strongly any charges against it."
Binance also made it clear that it has strengthened compliance measures since then, and is in line with money laundering standards, your knowledge standards, and enhanced employee training programs.
This investigation is the latest in a series of legal and regulatory challenges for Nabanis, amid increasing scrutiny in the exchange of encrypted currency yet. Collapse From FTX in 2022.
In 2023, the American authorities, including the Securities and Stock Exchange Committee and the Ministry of Justice, take Legal measures against major platforms such as Binance and Coinbase, claiming violations of securities and other regulatory failures.
While Coinbase pushed back against SEC and Binance claims settle With the Ministry of Justice in November 2023, it agrees to pay $ 4.3 billion in historical dollars - on the occasion of the largest penalty of compliance with the companies imposed ever.
American prosecutors accused Bings of working with the "Wild West" approach, and claims that it facilitates illegal activities and failed to report more than 100,000 suspicious transactions linked to terrorist organizations and other criminal groups.
As part of the settlement, Check Chic Style resigned as CEO, with Richard Ting appointed as his alternative. However, legal problems did not end there.
Binance also faced organizational measures in other regions, including in December 2024, when the financial organizer in Australia filed a lawsuit against the derivatives of the local company, Allegedly Bad classification of retail customers as wholesale investors - which deprives them of the basic consumer protection.
Expanding investment portfolio in Yzi Labs
While Binance wrestles with increasing legal challenges, CZ is moving forward with Yzi Labs, which supports projects that indicate a clear break from his previous role as an exchange operator.
In 2024, Yzi Labs (Binance Labs) actively expanded Its investment portfolio, focusing on emerging technologies. Throughout the year, the company has invested in 46 projects in various sectors, including decentralized financing, artificial intelligence, games, and Disi.
In August 2024, Yzi Labs announced investments in two companies focusing on artificial intelligence to support the development of decentralized applications on behalf.
One of these desert was intelligent, a startup that merges Blockchain and AI technologies. Sahara Ai enables users to maintain intellectual property rights by assigning the chain and gaining rewards to contribute to the infrastructure of the moral organization, the base of knowledge and maintenance.
Company content 43 million dollars in a series of financing from the series A, led by Pantera Capital, Yzi Labs, Polychain Capital, with the participation of Samsung Next and others.
Another noticeable investment It was in myshell, an Amnesty International startup that allows users to build and share applications that are artificial intelligence, and enable developers to create customized AI solutions.
In November 2024, Yzi Labs also overwhelming In the decentralized science sector by investing in the biomedical protocol, a acceleration program focuses on the formation of capital for biotechnology. The biological protocol supports a group of decentralized independent organizations committed to the development of pharmaceutical drugs and life -saving treatments.
But while Yzi Labs is expanding in new directions, the Chic Styles past never lags behind. His financial support and continuous presence in a blockchain projects keeps him in contact with an industry that still deals with the repercussions of the legal problems of Binance.
What is CZ to?
CZ began to form his next steps even before he spent a four -month prison sentence in March 2024. No, no new symbols. Education project. More details soon ... "
The next day, the GigGle Academy, describing it as a free, composed, and adapted educational platform for students from 1 to 12. “There are no revenues. directly.
In September 2024, after the completion of his punishment, Zhao returned to social media with a personal modernization. "General Motors, the taste of food is very good ... and what is luxurious to be able to get more than one piece of fruit per day!" Participate, gave a beating glimpse in his time in prison.
In the same post, specify its following priorities: "Giggle Academy is going well and it will be a large part of my life during the next few years. I will continue to invest in Blockchain/decentralization techniques, artificial intelligence, and biotechnology. I am a long -term investor who cares about influence, not returns." .
The next month, in October 2024, Zhao appeared his first public appearance in Binance Blockchain Week, where he was received in a packed room and standing. Supervisor Austin Arnold opened, "The first question, how was your summer?"
Zhao replied frankly, "This is not good. It's less fun than now. I think the entire experience is very limited in several ways, right? Your freedom is taken away and not what you do, so it gives you a lot of time to think."
While avoided criticizing his case directly, he indicated that he was "the first person to go to prison due to the violation of the banking company's confidentiality", unlike his status with large financial institutions, where executive managers faced the settlements, but not prison. More importantly, Chic Chic has confirmed that he has no plans to manage another encryption exchange.
In December 2024, CZ announced the launch of the Giggle Academy iOS app, and he called on parents with young children between 2-6 years old to test it, which increases the access to the project.
At the same time, talking about the rise of Mimi currencies, including recently Donald Trump Release One of the official Mimi coin employees Trump (TrumpTweet CZ joking, "No, I have no plan now to make Mimi currency. But I think some other leaders may think about it."
While CZ and Yzi laboratories focus on building its next chapter, the legal battles that are not resolved surrounding Binance continue to throw a shadow on its future.
The question remains whether his departure from the company lists his relations with its ongoing challenges or whether his previous participation will continue to follow him in the coming years.
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