Zhao: YZi Labs has not invested in Hyperliquid

Binance co-founder Changpeng Zhao stated on X that while Hyperliquid founder Jeff participated in the first season of the YZi Labs (then Binance Labs) incubation program in 2018, his project at the time unfortunately failed. Zhao added that YZi Labs was unable to recover its investment, describing this as a common occurrence in the industry. To his knowledge, Zhao said, YZi Labs has neither made nor received any investment related to Hyperliquid.