Binance Founder Returns to Crypto with $16M Investment in Blockchain Airdrop Platform

Just months after completing a four-month prison sentence for violating anti-money laundering laws, Changpeng "CZ" Zhao is already making moves in the crypto industry.

Through YZi Labs, he has invested $16 million in Sign, a blockchain-based platform focused on secure token distribution.

Previously known as Binance Labs, YZi Labs revealed that the investment will help Sign scale its global airdrop services, targeting both human users and AI-driven entities. Despite earlier interest in biotech, CZ’s latest backing shows he remains deeply involved in Web3, blockchain infrastructure, and DeFi.

Sign, launched in 2021, has grown rapidly, with its revenue soaring from $1.7 million in 2023 to $15 million in 2024. CEO Xin Yan attributes this success to the Open Network (TON) blockchain, which has fueled increased token distribution.

READ MORE:

UK May Sell $6.27 Billion in Bitcoin to Address Fiscal Deficit

Looking ahead, the platform aims to expand internationally and integrate on-chain identity verification into blockchain adoption efforts, including potential government collaborations.

Other notable investors in the funding round include Altos Ventures, HackVC, and Amber Ventures, further solidifying Sign’s role as a key player in the token airdrop sector.

Alexander Zdravkov