According to ChainCatcher, on-chain detective ZachXBT recently disputed FinCEN's allegations that crypto exchange MEXC was involved in $16 billion in illicit transactions, suggesting the figure may be overstated. ZachXBT acknowledged MEXC's historically lax anti-money laundering and customer verification policies but called for the release of underlying data, the ratio of suspected illicit transactions to MEXC's total trading volume, and comparisons with other exchanges.

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