Wu has learned that on-chain investigator ZachXBT has published an article questioning the Financial Crimes Enforcement Network (FinCEN)'s regulatory measures against MEXC, and the swift restriction on fund transfers between several offshore crypto exchanges with limited US operations and MEXC. He stated that while MEXC's historically lenient Anti-Money Laundering (AML) and Know Your Customer (KYC) policies were indeed relatively lax, he believes FinCEN's estimate of approximately $16 billion in illicit transactions may be overstated, and hopes regulators will disclose specific data and the basis for comparisons with other major exchanges. ZachXBT points out that other large exchanges may also have hundreds of millions to billions of dollars in illicit financial activities, and questions whether the regulation of platforms like MEXC and HTX constitutes excessive intervention. https://www.(wublock123.com)/news/news-71681