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CZ Denies Personal Investment in Aster, Says He Is Only an Advisor

The statement responds to speculation over the DEX’s rapid ascent alongside perceived Binance ties.

Overview

  • In a September 27 X Spaces session, CZ said neither he nor Binance has official involvement with Aster.
  • He described his role as limited to product and technical advice and added, “Not on the team, just an advisor.”
  • CZ acknowledged a minority stake from Binance’s venture arm YZi Labs and noted that several ex-Binance employees work on Aster.
  • Reported activity remains sizable but inconsistent across outlets, with AMBCrypto citing $545 million in TVL and $1.7 billion in weekly volume, while Coindoo reports $46.9 billion in 24‑hour volume and a $3.4 billion market cap.
  • AMBCrypto reports the ASTER token traded near $1.79 after a daily dip and was up nearly 90% on the week, with attention turning to a planned October 5 airdrop and an announced L1 chain launch.