CEO Star Xu said OKX treats FinCEN special measures with caution 'similar to sanctions' after customers reported USDT deposits held for review.

OFAC’s official tool searches names and exact crypto addresses. A result still requires identity checks, while an unlisted wallet or company can remain subject to blocking rules.

The exchange says it has begun an independent review of its AML and sanctions controls. The US transfer ban takes effect 30 days after Federal Register publication.

Annual reports will link customer identities to fiat trades, token swaps and transfers, including withdrawals to external wallets.

Existing customers cannot trade and must request approval for a one-time 48-hour withdrawal window, subject to sanctions controls.

Lending and margin restrictions take effect Oct. 27, while an on-time application allows existing providers to operate during the central bank's review.

Source-of-funds checks remain, but co-CEO Arjun Sethi says asking what clients will do with withdrawn coins is unacceptable.

AMLBot puts the frozen sum at about $2.2 million, after CoinDCX acknowledged losses from a failed process for securing deposits to retired addresses.

Operation Confrontation Ghost reported more than 960 arrests and raids on 29 fraud centers; participating countries are working toward asset recovery.

The exchange's terms list Russia, Belarus and Kazakhstan as prohibited jurisdictions, while an affected user reports an Oct. 21 deadline.