[ZachXBT Questions FinCEN's Allegations of $16 Billion in Illegal Funds Involving MEXC] According to a post on X by blockchain detective ZachXBT, FinCEN's accusation that MEXC is involved in $16 billion in illicit funds is "apparently exaggerated," and he demands the release of data and comparisons with industry peers. ZachXBT acknowledges that MEXC's AML/KYC policies have always been lenient, but claims he can flag hundreds of millions to billions of dollars in illicit activity on any major CEX such as Binance, Coinbase, Bybit, OKX, and Kraken. He also questions why several offshore CEXs immediately cut off transfers to MEXC users. He believes that the fact that KuCoin has not been sanctioned while measures have been taken against HTX and MEXC suggests government overreach.