Binance announced today that, effective immediately, it will stop processing transfers involving MEXC and its affiliated entities.
Binance announced today that it will no longer process transfers involving MEXC Global and its affiliated entities: outgoing transfers to these entities will be rejected, deposits from them will be held and undergo compliance reviews, and the relevant accounts may face further restrictions.
The move follows a November 6 order from the U.S. Treasury Department’s FinCEN, which designated MEXC a “financial institution of primary money laundering concern” and alleged that it handled at least $16.7 billion in suspected illicit fund flows between May 2021 and May 2026, nearly $1.5 billion of which was linked to Russian sanctions evasion.
FinCEN’s fund-transfer ban will take effect on December 10, while Binance’s restrictions are effective immediately and independent of that timeline. MEXC responded on November 7, saying that its operations were normal and users’ assets were safe.
Users who need to transfer funds between platforms should first check the relevant compliance notices.
For informational purposes only; not investment advice
$BNB #币安 #MEXC
Binance announced today that it will no longer process transfers involving MEXC Global and its affiliated entities: outgoing transfers to these entities will be rejected, deposits from them will be held and undergo compliance reviews, and the relevant accounts may face further restrictions.
The move follows a November 6 order from the U.S. Treasury Department’s FinCEN, which designated MEXC a “financial institution of primary money laundering concern” and alleged that it handled at least $16.7 billion in suspected illicit fund flows between May 2021 and May 2026, nearly $1.5 billion of which was linked to Russian sanctions evasion.
FinCEN’s fund-transfer ban will take effect on December 10, while Binance’s restrictions are effective immediately and independent of that timeline. MEXC responded on November 7, saying that its operations were normal and users’ assets were safe.
Users who need to transfer funds between platforms should first check the relevant compliance notices.
For informational purposes only; not investment advice
$BNB #币安 #MEXC