Is BingX Legal?

Could you please clarify the legality of BingX? I've heard some buzz around this cryptocurrency exchange, but I'm not entirely sure if it's operating within the bounds of the law. Could you elaborate on its regulatory status? Are there any red flags or concerns I should be aware of? I'm quite cautious when it comes to investing in crypto, and I want to make sure I'm not putting myself in any legal jeopardy. Your insights would be greatly appreciated.