OKX Tightens MEXC Deposit Checks Before U.S. Financial Cutoff

OKX has tightened checks on deposits from MEXC ahead of a pending U.S. financial restriction, and founder and CEO Star Xu warned that affected transfers may be frozen for review.

Xu urged users to avoid sending funds directly from MEXC to OKX for now. He said accounts linked to affected transfers may face further investigation. OKX has chosen to apply caution comparable to its approach to financial sanctions, even before the federal restriction takes effect.

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) ordered MEXC Global blocked from the U.S. financial system. The measure targets MEXC Global’s access to the U.S. financial system. FinCEN alleged that MEXC Global was involved in at least $16 billion in transactions tied to sanctions evasion and other activity.

OKX’s deposit checks are its own decision. Xu said the exchange strengthened its controls ahead of the federal deadline. His warning says affected funds may be frozen for review; it does not announce a freeze on every transfer from MEXC.

FinCEN gave a 30-day grace period.