Guys!! Binance posted an announcement yesterday and has completely halted transfers related to MEXC!!!
Official Binance announcement (November 10, titled “Important Notice: Matters Related to Transacting with Certain Cryptocurrency Platforms”): After the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) named MEXC a “primary money laundering concern,” Binance immediately stopped processing transactions involving MEXC and its affiliated entities. Transfer requests from Binance to these addresses will be rejected; funds coming in from there will be temporarily held for compliance review. Accounts may be restricted during the review, and in serious cases, services may be terminated outright under the terms of service!!!
You might remember the background: FinCEN’s order on November 6 accused MEXC of handling at least $16 billion in funds connected to illegal activity between May 2021 and May 2026. Just a heads-up: these are allegations by U.S. regulators, not a court conviction, haha. The order won’t formally take effect for covered U.S. institutions until 30 days after it’s published in the Federal Register, but Binance has already taken action; Star, the founder of OKX, also warned on the 8th not to transfer directly from MEXC to OKX for now.
Seriously, don’t panic and think you can just “quickly move your funds elsewhere” and be done with it!!! The biggest danger right now isn’t the announcement itself—it’s scammers in your DMs claiming they can speed up the unfreezing process, offering intermediary addresses, or asking for an unfreezing fee. Only contact Binance through its official customer support. Don’t click unfamiliar links, and definitely don’t send another so-called security deposit.
I just checked CoinGecko: Bitcoin is around 73,600, ETH around 2,059, and BNB around 681; the Fear & Greed Index is at 29, still in the fear zone~
If you still have funds in your account that came from MEXC, or you’re about to transfer funds there, are you stopping and waiting for an official notice, or have your funds already been held?
$BNB $BTC
#监管 #Crypto
Official Binance announcement (November 10, titled “Important Notice: Matters Related to Transacting with Certain Cryptocurrency Platforms”): After the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) named MEXC a “primary money laundering concern,” Binance immediately stopped processing transactions involving MEXC and its affiliated entities. Transfer requests from Binance to these addresses will be rejected; funds coming in from there will be temporarily held for compliance review. Accounts may be restricted during the review, and in serious cases, services may be terminated outright under the terms of service!!!
You might remember the background: FinCEN’s order on November 6 accused MEXC of handling at least $16 billion in funds connected to illegal activity between May 2021 and May 2026. Just a heads-up: these are allegations by U.S. regulators, not a court conviction, haha. The order won’t formally take effect for covered U.S. institutions until 30 days after it’s published in the Federal Register, but Binance has already taken action; Star, the founder of OKX, also warned on the 8th not to transfer directly from MEXC to OKX for now.
Seriously, don’t panic and think you can just “quickly move your funds elsewhere” and be done with it!!! The biggest danger right now isn’t the announcement itself—it’s scammers in your DMs claiming they can speed up the unfreezing process, offering intermediary addresses, or asking for an unfreezing fee. Only contact Binance through its official customer support. Don’t click unfamiliar links, and definitely don’t send another so-called security deposit.
I just checked CoinGecko: Bitcoin is around 73,600, ETH around 2,059, and BNB around 681; the Fear & Greed Index is at 29, still in the fear zone~
If you still have funds in your account that came from MEXC, or you’re about to transfer funds there, are you stopping and waiting for an official notice, or have your funds already been held?
$BNB $BTC
#监管 #Crypto