Why do this obscure Russian exchange’s emails come from Binance?
In September it was announced that Binance would be selling off its Russian assets — from its customer’s deposits to loans — to a small, unheard-of crypto exchange called CommEx. As previously reported by Protos, there’s “almost identical language in CommEX and Binance’s terms of service,” and Russian users are, essentially, being bribed to move to CommEx with “a sweet 25% trading discount for BNB holders.” But there appear to be even closer, more direct ties between Binance and the newly created Russian exchange. Emails, transfer agents, and oddities According to X user @intel_jakal, after stopping halfway through a test of the CommEx verification process, they were sent emails reminding them to finish verifying their identity. Unfortunately, those emails weren’t sent from CommEx — they were sent from a Binance email address. Read more: Binance brokers like Nominex continue to serve Russia The screenshot above appears as though the user was trying to sign up wi...