🚫 Binance, OKX and a string of CEXs block funds flowing to MEXC: do you still have assets there?
On November 6, 2026, FinCEN, part of the U.S. Treasury Department, issued a special order designating MEXC Global as a financial institution of primary money laundering concern, citing links to illicit financing involving Russia, Iran, and North Korea. According to the allegations, MEXC facilitated around $16 billion in illicit transactions over five years.
OKX was among the first exchanges to comply, refusing to accept funds from MEXC users.
As of the date this article was written (November 10, 2026), Binance announced:
1️⃣ It would not process transactions involving MEXC or its affiliated companies.
2️⃣ Withdrawals from Binance to MEXC would be rejected. In the opposite direction, funds would be held temporarily for review in accordance with regulations.
Funds are flowing out of MEXC at a significant pace: more than $18 million in 24 hours and nearly $300 million in 7 days. The image in the article (the exchange flow table) shows MEXC at around −$18.16 million and −$284.53 million over those respective periods.
MEXC says it is in contact and cooperating with FinCEN to clarify the matter. According to the original article as of November 10, withdrawals were still proceeding normally, and quite a few exchanges had yet to impose a ban.
Do you still have assets on MEXC? Have you taken steps to secure them, or are you waiting for more information? 👇
#MEXC #Binance #OKX #FinCEN
On November 6, 2026, FinCEN, part of the U.S. Treasury Department, issued a special order designating MEXC Global as a financial institution of primary money laundering concern, citing links to illicit financing involving Russia, Iran, and North Korea. According to the allegations, MEXC facilitated around $16 billion in illicit transactions over five years.
OKX was among the first exchanges to comply, refusing to accept funds from MEXC users.
As of the date this article was written (November 10, 2026), Binance announced:
1️⃣ It would not process transactions involving MEXC or its affiliated companies.
2️⃣ Withdrawals from Binance to MEXC would be rejected. In the opposite direction, funds would be held temporarily for review in accordance with regulations.
Funds are flowing out of MEXC at a significant pace: more than $18 million in 24 hours and nearly $300 million in 7 days. The image in the article (the exchange flow table) shows MEXC at around −$18.16 million and −$284.53 million over those respective periods.
MEXC says it is in contact and cooperating with FinCEN to clarify the matter. According to the original article as of November 10, withdrawals were still proceeding normally, and quite a few exchanges had yet to impose a ban.
Do you still have assets on MEXC? Have you taken steps to secure them, or are you waiting for more information? 👇
#MEXC #Binance #OKX #FinCEN
