Does it concern anyone else about how all of these other offshore CEXs with little to no US presence rush to immediately cut off MEXC users from transferring assets?
Who is actually being protected by it…
What % of MEXCs total volume was illicit?
I can go to any large CEX and flag 9-10 figs in illicit activity.
I think anyone can agree MEXC historically has had a quite relaxed AML / KYC policy.
But the $16B illicit amount being alleged by FinCEN seems overstated to me so I’d like to see the data and comps.
Starts to feel a bit of gov’t overreach for cases like HTX or MEXC when much worse offenders like Kucoin are not being sanctioned...