Hey mates, good day! Just saw this today: BingX supporting Iran despite US sanctions. It got me thinking, and I've got lots of questions. Isn't this why the SEC sanctioned Binance, with similarities to KuCoin? Will assets on BingX be safe? What's your take on this?
I think they have registered business in British Virgin Islands, but it looks like they have background coming from China, with founder Josh Lu having ''unknown'' nationality.
It's no surprise to me they are not heavily affected by US sanctions and they surely don't plan expanding and registering as legal entity in US... they learned that lesson from binance ands CZ.