Strengthening Risk Control and Compliance
Recently, MEXC has continued to upgrade its risk control measures, not only intensifying efforts to combat coordinated user activity and abnormal trading behaviors, but also further strengthening compliance risk management. During our review, we identified that certain user funds carried potential risks. As a result, we imposed temporary withdrawal restrictions and required those users to complete advanced KYC verification.
Verification Results and Compliance Reporting
Following these measures, the majority of users have successfully passed verification and had their restrictions lifted, while a portion of accounts remain restricted due to suspicious fund activities. MEXC strictly adheres to compliance requirements and reports suspicious transactions and accounts. We have also submitted related compliance reports in July and August.
MEXC has consistently responded to official freeze requests supported by law enforcement documentation and has been providing the necessary assistance to combat crime.
Purpose of Long-Term Restriction
Regarding concerns about the review period, we have already provided an explanation in our Risk Control FAQ. This 365-day restriction mechanism applies exclusively to accounts involved in coordinated violations, high-risk accounts, or compliance-related risks.
The purpose of this restriction is twofold: to increase the operational costs for coordinated violators, and to allow sufficient time to support potential regulatory enforcement requirements. It deters them from circumventing restrictions by creating new accounts or reactivating existing accounts to employ the same manipulation strategies.
Confidentiality Obligations
It is important to note that, in line with regulatory requirements, we cannot disclose the details of such reports to users or external parties, as doing so would constitute “tipping off.”
Commitment to Security and Fairness
We remain committed to upholding the principles of user asset security and market fairness, and will continue to enhance and improve our risk control systems.
For more information, please refer to our Risk Control FAQ and Risk Control Reports available here:
