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OKX's Star says avoid direct MEXC transfers as exchange tightens risk controls

NewsFeeds update

OKX founder Star said users should temporarily avoid transferring funds directly from MEXC to OKX, warning that money from the platform may be frozen for review and accounts may face further investigation. He said OKX is applying sanctions-style caution over FinCEN's special measures and has tightened controls early rather than waiting out the 30-day transition period.

RegulationChainCatcherAIBearish

Read the original on ChainCatcher

The story so far: FinCEN action against MEXC

FinCEN barred the crypto exchange MEXC from the US financial system over alleged sanctions evasion linked to Iran, North Korea and Russia. MEXC says operations are normal and Elliptic has restored its exchange category as it begins an independent review. OKX's Star now says users should avoid direct MEXC-to-OKX…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. US Treasury blocks MEXC from US financial system over alleged sanctions evasion

  2. Reserve says it will halt LCAP and CMC20 liquidity on MEXC after FinCEN order

  3. MEXC says operations normal and plans talks with regulators after FinCEN order

  4. MEXC says Elliptic restores exchange category after FinCEN order

  5. FinCEN special measure on MEXC prompts reports of restricted deposits at OKX and others

  6. OKX's Star says avoid direct MEXC transfers as exchange tightens risk controls

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.