Binance Labs is rebranding to YZi Labs and becoming an independent organization, allowing former Binance CEO Changpeng “CZ” Zhao to take an active role.

The news was shared with BeInCrypto through an exclusive press release.

CZ To Join the Rebranded Binance Labs

Binance founder Changpeng “CZ” Zhao was handed a prison sentence last year, only to be released back in September 2024. However, as a part of his release agreement, CZ received a lifetime ban from working at Binance.

Since his release, the former CEO has focused on education and charity, but this might be changing. Binance Labs is rebranding to YZi Labs and becoming an independent firm, allowing CZ to return,

“Rebranding to YZi Labs is more than a name change—it signifies an expanded vision as we broaden our horizons to include transformative sectors like AI and biotech. We’re thrilled to welcome Ella Zhang back to lead this next phase. Her expertise and vision were instrumental in shaping the organization’s early success,” CZ said.

Ella Zhang was the head of Binance Labs from 2018 to 2020, cofounding the research arm with CZ. Zhang left to become an independent entrepreneur in 2020 but is now returning. She stated that YZi will expand its research into AI and biotech, unlike Binance Labs.

Binance’s current CEO, Richard Teng, actually alluded to these changes in 2024. He claimed that Binance Labs would rebrand in the near future, and that CZ would be “back in action” in some capacity.

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Author: Landon Manning