OKX founder warns against direct transfers from MEXC amid tightened compliance
OKX founder Star advised users to temporarily avoid transferring funds directly from MEXC to OKX, warning that deposits could be frozen for review following FinCEN special measures against MEXC.
OKX founder Star has advised cryptocurrency users to temporarily refrain from sending funds directly from MEXC to OKX. In a public statement on X, Star warned that deposits originating from affected platforms may be frozen pending compliance review, while involved accounts could face further investigation.[1][2][3]
The warning follows special measures issued by the U.S. Financial Crimes Enforcement Network (FinCEN) regarding MEXC. Star explained that OKX manages risks associated with the FinCEN measures using standards comparable to financial sanctions.[2][3]
Although FinCEN included a 30-day transition period, Star noted that OKX decided to significantly reinforce its compliance and risk controls ahead of schedule rather than waiting for the deadline to take effect.[2][3]
Key facts
- OKX founder Star urged users to temporarily stop direct fund transfers from MEXC to OKX.
- Transfers originating from MEXC may be frozen for review, and associated accounts could face further investigation.
- OKX is handling FinCEN's special measures against MEXC under caution levels similar to financial sanctions.
- OKX strengthened its risk controls early instead of waiting for FinCEN's 30-day transition period to conclude.
Sources 路 3 sources
- SI
Solid Intel 馃摗@solidintel_xPost on X 路
INTEL: OKX may freeze funds sent from MEXC after FinCEN special measures, founder Star warns
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X 路
NEW: @okx CEO @star_okx TELLS USERS TO AVOID TRANSFERRING FUNDS DIRECTLY FROM @MEXC TO @okx SAYS MEXC FUNDS MAY BE FROZEN AND ACCOUNTS INVESTIGATED, WITH OKX ACTING AHEAD OF FINCEN'S 30-DAY TRANSITION PERIOD https://t.co/FvEzphhB1g
Open source - WB
Wu Blockchain@WuBlockchainPost on X 路
OKX Founder Star Advises Users to Avoid Direct MEXC Transfers as Compliance Controls Tighten OKX founder Star advised users to temporarily avoid transferring funds directly from MEXC to OKX. Following FinCEN's special measures against MEXC, OKX has proactively tightened its compliance controls, applying a level of caution similar to that used for financial sanctions. Funds originating from MEXC may be frozen pending review, and related accounts may face further investigation.
Open source