ZachXBT questioned FinCEN's $16 billion charges against MEXC.
Detective ZachXBT criticized FinCEN's estimate that $16 billion of illegal transactions passed through the MEXC crypto exchange. In his opinion, this amount may be excessive.
ZachXBT noted that hundreds of millions and even billions of dollars in transactions related to illegal activity can be found on other major exchanges as well. Therefore, he called on FinCEN to release supporting data and compare MEXC's performance with other locations.
At the same time, the researcher acknowledged that MEXC has a history of weak control in the area of AML/KYC, but expressed concern about excessive pressure from American regulators on foreign exchanges.
Separately, ZachXBT wondered why offshore platforms with virtually no presence in the United States were quick to restrict MEXC-related transfers.