Changpeng Zhao Denies Reports of Easy Labs $10 Billion Funding…"Fake Information"

Binance founder Changpeng Zhao denied a Financial Times (FT) report that Easy Labs is seeking $10 billion in external funding.

On the 23rd (local time), according to CryptoSlate, Changpeng Zhao said on his social media, 'Easy Labs is a private asset management company and has no plans to take on external investors,' adding, 'there are no demos, pitch decks, or fundraising roadmaps.' He also emphasized, 'Since the rebranding earlier this year, we have not sought a single external investor.'

The FT cited remarks by Easy Labs CEO Ella Zhang that the company could evolve into a fund for external investors once it reaches maturity, but Changpeng Zhao dismissed this as 'fabricated information and a negative narrative.' He added that contact with former U.S. Securities and Exchange Commission (SEC) commissioner Paul Atkins mentioned in the article was also unfounded.

Easy Labs is a private investment firm established by Changpeng Zhao after he stepped down as Binance CEO following a $4.3 billion settlement with U.S. authorities in November 2023. Together with co-operator and Binance co-founder He Yi, it is seeking investment opportunities in Web3 startups, artificial intelligence (AI), and biotech.