Sol recently set up a company in Shanghai, and it’s been causing quite a stir. There’s one key point here: if they dare to promote the SOL token in China, they will definitely be violating Chinese law. It’s only a matter of time before something goes wrong. But if they’re providing blockchain-related technology and consulting services, that’s not illegal.
The company’s legal representative is Du Yanjing (co-lead of Solana China). It was registered in June this year, and he holds a 45% stake in Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. Its chairperson is Jiang Yiwen (co-lead of the Solana Foundation’s China region). At first glance, they seem to be connected to Solana, but the question is whether there is an actual financial relationship. Put simply: has Solana given money to either of these two companies? If so, they’re connected; if not, they aren’t.
You can’t assume they’re connected just because of their affiliations with Solana. Take Binance.US, for example: it looks like Binance’s US company, but it no longer belongs to Binance. It was spun off and began operating independently around the time CZ was targeted last time. It would only count as a connection if Binance gave the company money or held a stake in it. The same goes for FTX: it has gone bankrupt, and FTX’s operations in Japan have also been acquired, so they have nothing to do with FTX anymore.
The company’s legal representative is Du Yanjing (co-lead of Solana China). It was registered in June this year, and he holds a 45% stake in Shanghai Yaokun Qiusuo Digital Technology Co., Ltd. Its chairperson is Jiang Yiwen (co-lead of the Solana Foundation’s China region). At first glance, they seem to be connected to Solana, but the question is whether there is an actual financial relationship. Put simply: has Solana given money to either of these two companies? If so, they’re connected; if not, they aren’t.
You can’t assume they’re connected just because of their affiliations with Solana. Take Binance.US, for example: it looks like Binance’s US company, but it no longer belongs to Binance. It was spun off and began operating independently around the time CZ was targeted last time. It would only count as a connection if Binance gave the company money or held a stake in it. The same goes for FTX: it has gone bankrupt, and FTX’s operations in Japan have also been acquired, so they have nothing to do with FTX anymore.