BINANCE OFFICIALLY CUTS TIES WITH MEXC! ALL TRANSACTIONS BLOCKED IMMEDIATELY
Just now, Binance issued a strongly worded announcement: It will no longer process any transactions involving MEXC and its affiliated companies!!! đ± Damn, the market is dropping because of this news!
Why? FinCEN (the U.S. Treasury Department) has just designated MEXC a Primary Money Laundering Concern after alleging that the exchange facilitated more than $16 billion in transactions related to evading sanctions on Russia, Iran, and North Korea, as well as cybercrime, from 2021 to 2026.
What is Binance doing?
- Withdraw money from Binance to MEXC â Immediately rejected
- Deposit money from MEXC into Binance â Temporarily held for review
- Related accounts may be restricted or closed
The affected entities include more than 10 legal entities: MEXC Global, MEXC Estonia, MEXC Singapore, GIDA Technology AG, MEXC (Comoros), and all affiliates.
This is a major blow from the U.S. against one of the world's largest exchanges.
Many people are asking: âShould I withdraw my money from MEXC right away?â, âWill other exchanges follow suit?â
Binance's official announcement has been confirmed. This is not a rumor.
If you're holding coins on MEXC or planning to transfer money to or from it, you should reassess the risks. The market is highly volatile following this news.
#MEXC #Binance $BTC
Just now, Binance issued a strongly worded announcement: It will no longer process any transactions involving MEXC and its affiliated companies!!! đ± Damn, the market is dropping because of this news!
Why? FinCEN (the U.S. Treasury Department) has just designated MEXC a Primary Money Laundering Concern after alleging that the exchange facilitated more than $16 billion in transactions related to evading sanctions on Russia, Iran, and North Korea, as well as cybercrime, from 2021 to 2026.
What is Binance doing?
- Withdraw money from Binance to MEXC â Immediately rejected
- Deposit money from MEXC into Binance â Temporarily held for review
- Related accounts may be restricted or closed
The affected entities include more than 10 legal entities: MEXC Global, MEXC Estonia, MEXC Singapore, GIDA Technology AG, MEXC (Comoros), and all affiliates.
This is a major blow from the U.S. against one of the world's largest exchanges.
Many people are asking: âShould I withdraw my money from MEXC right away?â, âWill other exchanges follow suit?â
Binance's official announcement has been confirmed. This is not a rumor.
If you're holding coins on MEXC or planning to transfer money to or from it, you should reassess the risks. The market is highly volatile following this news.
#MEXC #Binance $BTC
