MEXC sanctions fallout
A Chinese-language crypto account claims that after the US labeled MEXC a money-laundering platform, withdrawals and linked U-cards are being frozen.
What we know
An account on X claims any funds moved out of MEXC are being blocked, including transfers to U-cards. This is an unverified claim from a single account.
How the story developed
A Chinese-language crypto account claims that after the US labeled MEXC a money-laundering platform, withdrawals and linked U-cards are being frozen.
A Chinese-language crypto account says MEXC is reportedly under US sanctions, with staff barred from discussing it and concern that US-compliant venues will restrict funds originating from MEXC.
A Chinese-language crypto commentator says MEXC is reportedly sanctioned, restricting fund transfers to and from other exchanges, and warns of a Huobi-style decline. This is unverified opinion.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.