BEARISH 55 The Defiant 44M ago · 1 min read 1 read

OKX warns MEXC users of deposit freezes as FinCEN cutoff nears

AI summary

OKX CEO Star Xu said the exchange treats FinCEN special measures with caution, describing its approach as similar to sanctions handling, after MEXC users reported USDT deposits being held for review ahead of a FinCEN cutoff. The warning signals tighter compliance screening on stablecoin deposits at offshore exchanges. Traders holding USDT on such platforms face potential delays or freezes, raising counterparty and liquidity risk.

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