Why OKX Is Flagging Deposits From MEXC Ahead of the Treasury Deadline

TLDR OKX is holding deposits from MEXC for compliance review and told users to avoid direct transfers. FinCEN named MEXC a primary money laundering concern on Nov. 6, citing at least $16 billion in flagged transactions. The U.S. ban starts 30 days after Federal Register publication, so it is not yet in force. MEXC says operations are normal and has ordered an independent review of its controls. Some USDT withdrawals on MEXC were briefly unavailable on certain networks on Nov. 7. OKX has started holding deposits that come from MEXC Global. The exchange is putting them through a compliance review. It is acting before a U.S. Treasury order takes effect. U.S.

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