The CommEX exchange warned about fraudulent projects with a similar name

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Cryptocurrency exchange CommEX, whichThe world's largest trading platform Binance is going to transfer all Russian clients, warning users about a surge in fraudulent projects with the same name.

“We have received a lot of questions lately:does the CommEX exchange have its own token for conducting operations and paying commissions. We would like to inform you that at the moment the exchange does not have its own token and has no relation to the projects created and placed on CEX/DEX with a similar name,” said company representatives. 

The exchange team added that projects that are named the same as CommEX (such as CMX) are fraudulent:

“Be careful and always check official sources of information.”

The Binance cryptocurrency exchange recently announced that it had decided to completely leave Russia. The company sold its Russian business to CommEX.

There is little official information about CommEX and its teamconfirmed information. The CommEX support service reports that the successor to the largest crypto exchange on the Russian market is registered in the same offshore as Binance, and is focused on clients from Russia, Asia and the CIS countries. Similar to Binance, Hong Kong legislation will be applied to resolve legal disputes, the startup promises.

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