BingX restricts deposits for some South Korean users

According to multiple online communities, the cryptocurrency exchange BingX has begun restricting deposits for some of its South Korean users. The exchange is reportedly informing affected users that the measure is due to local regulatory requirements and is directing them to customer service for further inquiries. This development follows previous announcements from South Korean exchanges Upbit and Bithumb, which stated they would remove BingX from their lists of verified exchanges in accordance with guidance from regulatory authorities.