DefCrypt — MEXC P2P $120,000 case

29 words

defcrypt.com

  1. 01

    We reviewed the trade and its on-chain trail. The risk appeared to arise from a 1-hop link to the blocklisted seller rather than from general concerns about the buyer.

  2. 02

    We documented the client's good-faith selection of the order and the source of the fiat funds separately from the seller's conduct.

  3. 03

    We prepared an explanation of the trade, Source of Funds (SoF) evidence, and on-chain reasoning in terms suitable for MEXC compliance rather than repeating the same KYC materials in support tickets.

  4. 04

    Instead of opening more first-line support tickets, we sent the package to the channel that reviews compliance materials.

  5. 05

    The decision then depended on the exchange and the quality of the evidence. The period from our involvement to the lifting of the restrictions was about 36 hours.