OKX CEO Star Xu urged users on Nov. 7 to avoid transferring funds directly from MEXC to OKX, saying the exchange had tightened controls ahead of a U.S. financial cutoff against MEXC.
“OKX treats FinCEN special measures with a level of caution similar to sanctions,” Xu wrote. Under the exchange’s compliance controls, funds associated with affected platforms may be frozen and related accounts investigated, he said.
“Although FinCEN has provided a 30-day transition period, OKX has already significantly strengthened its controls rather than waiting until the deadline,” he said.
