🔍 FinCEN’s Section 9714 order on MEXC (Nov 6) bars US financial institutions from transmitting funds to or from MEXC, effective 30 days after Federal Register publication. It is a funds-transmittal ban, not an OFAC sanctions designation or a global freeze.
OKX has warned users against direct transfers from MEXC. Some users report MEXC-origin deposits being screened or delayed at other exchanges, but this is unconfirmed. Any holds would be exchange risk checks, not a FinCEN mandate. MEXC says funds are secure and withdrawals continue.
Next, watch the Federal Register date, MEXC’s detailed response and guidance from other exchanges. Keep your own security habits and avoid keeping all funds on one venue.
How would you respond if your exchange got a notice like this? 👇
#CryptoNews #Security #Crypto
$BTC
OKX has warned users against direct transfers from MEXC. Some users report MEXC-origin deposits being screened or delayed at other exchanges, but this is unconfirmed. Any holds would be exchange risk checks, not a FinCEN mandate. MEXC says funds are secure and withdrawals continue.
Next, watch the Federal Register date, MEXC’s detailed response and guidance from other exchanges. Keep your own security habits and avoid keeping all funds on one venue.
How would you respond if your exchange got a notice like this? 👇
#CryptoNews #Security #Crypto
$BTC
