Zhao Changpeng: Hyperliquid co-founder Jeff was one of the members of the first incubation program of Binance Labs, but the project ended in failure at that time

ChainCatcher news, Zhao Changpeng posted on X platform stating that he noticed discussions on social media about "Hyperliquid co-founder Jeff appearing in a group photo released by Binance Labs in 2018." Many people may not know that Jeff was one of the members of the first incubation program of YZi Labs (which was then Binance Labs) in 2018. Unfortunately, the project ended in failure, and YZi Labs lost its investment, which is a common occurrence in the venture capital circle. At that time, he had little contact with Jeff and had long forgotten about this matter. Originally, he was supposed to have a phone call with Jeff a few months ago, but due to a scheduling error, he missed the opportunity and has not found a chance to reschedule since then.
Zhao Changpeng added that YZi Labs did not obtain and does not hold any investment rights in Hyperliquid (whether equity or tokens).