Buyer of Binance's Russian business CommEx: The company is not owned by Binance, and the core team includes former Binance employees

ChainCatcher news, CommEx, the buyer of Binance's Russian business, reiterated in an open letter that the company is not owned by Binance, stating, "While we do not disclose our ultimate beneficial owners (UBO), we want to make it clear that we are not owned by Binance."

Nevertheless, CommEx acknowledged that some members of its core team are former employees of Binance and stated that they have learned a lot from Binance's product and operational experience. Additionally, CommEx has adopted aspects from Binance, such as design, API, and terms of use.