Billionaire Binance founder ‘CZ’ jumps back into crypto with $16 million investment in token airdrop service Sign

Former Binance CEO Changpeng Zhao makes his first major investment since leaving prison. Zhao has been busy transforming Binance’s venture capital arm into a new entity known as YZi Labs. On Tuesday, YZi Labs announced its first investment: leading a $16 million funding round into a startup called Sign, a platform seeking to simplify token distribution and bring credential verification on-chain—Getty Images