OKX Freezes MEXC User Deposits Following Strict FinCEN Order
AI summary
The U.S. Treasury's FinCEN has blacklisted MEXC for processing over $16 billion in illicit financial activity tied to sanctioned entities in Iran, Russia, and North Korea. OKX and other exchanges have reportedly begun flagging deposits from MEXC-linked addresses, leaving MEXC customers facing transaction holds. Traders should watch for contagion risk as exchange-level enforcement tightens and cross-exchange deposit flows get scrutinized.
