Key Highlights: OKX has proactively acted ahead of a 30-day FinCEN transition period concerning MEXC, moving immediately to restrict incoming transfers. Users are experiencing frozen Tether ($USDT) deposits on both TRC20 and ERC20 networks when routed directly from MEXC to OKX. OKX founder Star Xu advised users to steer clear of direct transfers from MEXC ...
Key Highlights: OKX users are reporting asset freezes and risk reviews when attempting to deposit funds transferred directly from cryptocurrency exchange MEXC. OKX CEO Star Xu issued a warning regarding transfers linked to MEXC, citing strengthened internal compliance controls following recent regulatory developments. The deposit issues follow a Financial Crimes Enforcement Network (FinCEN) order penalizing ...
Key Highlights: OKX founder Star Xu projects that blockchain and crypto industry transformations beginning in 2026 will vastly outpace the progress seen over the previous decade. Centralized exchanges are projected to evolve beyond pure trading hubs into comprehensive global platforms offering payments, asset storage, and tokenized shares. Advances in self-custody and on-chain infrastructure could allow ...
Key Highlights: Cryptocurrency exchange OKX has secured an undisclosed investment from Circle, Ripple, Qube Research & Technologies (QRT), and SC Ventures. The funding round extends a March deal led by Intercontinental Exchange (ICE) and maintains OKX’s pre-money valuation at $25 billion. OKX plans to use the capital to evolve beyond digital asset trading into an ...