Binance stopped processing transactions involving MEXC, its affiliates, or related entities after the FinCEN designated the platform a primary money laundering concern. Withdrawals to the 13 covered entities will be rejected, while incoming deposits will be temporarily held for compliance review. Customer accounts may face additional restrictions or be offboarded from the exchange. According to FinCEN, MEXC processed at least $16 billion in suspicious transactions between May 2021 and May 2026, including nearly $1.5 billion linked to Russian sanctions evasion. OKX has also warned its users against transferring funds to MEXC.
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