MEXC Tightens Risk Controls Amid Regulatory Scrutiny and KOL Dispute

Exchange MEXC is taking a hard stance on risk control in the face of growing regulatory pressure to combat fraud across global crypto platforms. The company unveiled new measures aimed at cracking down on fraudulent syndicates, automated trading bots, and suspicious capital flows. These actions have also sparked tension with prominent crypto KOL, whose account was frozen amid compliance-related concerns. 17,000 accounts were restricted in July and August alone, representing over 3,000 identified fraud syndicates. MEXC’s AI-powered risk models reportedly contributed to a 62% decrease in fraudulent activity compared to previous periods.