Binance blocks MEXC transactions after US money laundering alert
6.6 Regulation Binance has blocked all transactions with MEXC and its affiliates after FinCEN labeled MEXC a money laundering concern, affecting deposits, withdrawals, and user accounts.
Binance has announced it will no longer process transactions involving MEXC and its affiliated entities, following the U.S. Financial Crimes Enforcement Network's (FinCEN) designation of MEXC as a primary money laundering concern. This decision impacts a broad range of MEXC-related companies and prohibits Binance users from sending or receiving funds to or from these entities, either directly or indirectly. Withdrawal requests to MEXC will be rejected, and deposits from MEXC will be temporarily withheld for compliance review. Accounts involved in such transactions may face restrictions or even termination of services. The move follows FinCEN's accusation that MEXC facilitated approximately $16.7 billion in allegedly illicit activity between May 2021 and May 2026, including transactions linked to Russian and Iranian entities. Binance has advised users not to attempt to bypass these restrictions and to consult with destination exchanges before transferring funds. MEXC maintains that its operations remain normal and user assets are safe.
