The cryptocurrency world loves rumors, and lately, many have been circulating about Binance founder Changpeng Zhao, better known as CZ, and his connection to the Aster DEX. During a recent Twitter Spaces session, CZ cleared the air, saying neither he nor Binance officially supports the project.
At the same time, Aster has been making headlines with record trading volumes and rising attention in the crypto market.
CZ Clearing Up the Confusion
On September 27, 2025, CZ finally addressed the speculation during a Twitter Spaces session with the Aster community that his venture firm, YZiLabs, holds a small stake in Aster DEX. However, he stressed that neither he nor Binance is officially backing the project.
“I don’t have personal investments in Aster, and Binance as a company is not involved.”
What has fueled confusion, he admitted, is that a few former Binance employees are now part of Aster’s team.
This subtle connection was enough for some in the market to assume CZ was deeply tied to the project, especially given Aster’s rapid growth. But CZ was firm in saying those assumptions were exaggerated.