Breaking! MEXC faces withdrawal freezes after sanctions
Binance and OKX cut off channels as MEXC faces a storm of asset freezes following its designation by U.S. regulators.
After the U.S. Financial Crimes Enforcement Network (FinCEN) recently designated MEXC a “Primary Money Laundering Concern,” Binance will no longer be able to process transactions involving cryptocurrency service providers and platforms covered by this designation, including the following entities:
- MEXC Global Limited
- MEXC Estonia OÜ
- GIDA Technology AG
- MXC Global Ltd
- MEXC Global Foundation Ltd
According to the original report, MEXC (Matcha) was designated by FinCEN as a primary money laundering concern over allegations that it processed tens of billions in illicit funds. Binance, OKX, and other industry peers have urgently tightened their risk controls. Transferring funds directly from MEXC could easily trigger an account review and a freeze on funds.
Binance and OKX cut off channels as MEXC faces a storm of asset freezes following its designation by U.S. regulators.
After the U.S. Financial Crimes Enforcement Network (FinCEN) recently designated MEXC a “Primary Money Laundering Concern,” Binance will no longer be able to process transactions involving cryptocurrency service providers and platforms covered by this designation, including the following entities:
- MEXC Global Limited
- MEXC Estonia OÜ
- GIDA Technology AG
- MXC Global Ltd
- MEXC Global Foundation Ltd
According to the original report, MEXC (Matcha) was designated by FinCEN as a primary money laundering concern over allegations that it processed tens of billions in illicit funds. Binance, OKX, and other industry peers have urgently tightened their risk controls. Transferring funds directly from MEXC could easily trigger an account review and a freeze on funds.
