New Chelsea FC sponsor BingX accused of holding 215K USDT ‘hostage’
Premier League club Chelsea FC has announced a new sponsorship deal with a pro-Russia crypto exchange that has been accused of holding user funds “hostage” and “strongarming” them out of monthly bonuses. As reported by The Telegraph, the multi-year deal will see BingX become the club’s new shirt sleeve sponsor for the remainder of the 2023/24 season and then its training kit sponsor from the end of the campaign. However, at virtually the same time as Chelsea was announcing the new deal, BingX was the subject of an angry X (formerly Twitter) tirade that accused it of blocking a user’s account and seizing their funds. X user and crypto trader Miz (@TradoorMiz) explained: “BingX held 215,000 USDT of mine hostage and strongarmed me out of my 92,336 USDC monthly affiliate bonus. “I was introduced to a BingX BD by a friend of mine who had worked with them for some time. I had dinner with the BD on 10/13 and we spoke about specifics, the future of our partnership, etc. All details were...