Specter Defends MEXC, Says Larger Illegal-Funds Processors Unpunished

The dispute shifts the question from whether MEXC handles illicit funds to how enforcement attention is allocated across venues. Specter's claim rests on his own tally, so the ranking is only as strong as his methodology — a point worth watching as others scrutinize or replicate it. For exchanges, the practical takeaway is that public naming by researchers can carry reputational weight independent of any formal finding, and the gap between alleged conduct and who gets called out is now part of the debate itself.