HashCloak Labs Responds to "FUD" Allegations: Welcome Evidence and Criticism, Bounty for Reporting Always Valid

BlockBeats News, February 2nd, Binance Co-Founder He Yi posted a message stating, "Binance Labs has been renamed to Yzi Labs and operates independently. Ella Zhang is in charge, and CZ directly manages Labs. Currently, there are thousands of projects invested in, and only a very small percentage of projects are on Binance. From the first day of Labs' establishment, it has been two completely independent teams making independent decisions."

"There are layers of firewall isolation for listing on Binance, but an undeniable point is that the amount of coins willing to be airdropped to Binance users can be considered as a reference indicator."

"Information about Labs staff and publicly invested projects, as well as the names of other market investors, is essentially public market information. If there is any record of bribery transactions, please provide evidence, and public supervision is welcome. If any Binance or Binance-affiliated employee requests money, equity, or tokens from any project or partner, we will definitely send them to jail, and tarnish their reputation."

"Reports regarding Labs can be directly sent to CZ or Ella. Reports about Binance and He Yi are welcome to be sent to the public Binance internal audit email. The bounty for reporting is always valid."

"Every day, countless people in the market claim to be He Yi's close friend, relative, or use it as a means of personal gain, even claiming to be CZ's godson and He Yi's fiancé to deceive. Please do not be deceived. He Yi has clarified numerous times, but cannot stop everyone from being more willing to believe in the so-called backdoor. Historically, Labs has always welcomed recommendations for projects from any other investment institution. Labs welcomes any institution or project to become 'Labs' close friends.' I hope Labs and all industry practitioners and investors can be close friends. Currently, Labs is directly overseen by my close friend Ella, who is also a co-founder of Labs. As a co-founder of Binance, I believe in 'User-first.'"

"As a BNB holder, I am a practitioner of 'value investment.' I firmly believe that whether it is entrepreneurship or investment, value creates price, and everyone's understanding of value varies."

"We welcome evidence; any evidence can bring wrongdoers to justice and leave a clean place for the industry."

"We welcome criticism; criticism makes us reflect."