[Wu Blockchain News] Binance Halts Transactions Involving MEXC and Its Affiliates Following FinCEN Designation

Binance said on November 10 that it will stop processing transactions involving MEXC and its affiliates after FinCEN designated MEXC as a primary money laundering concern. Outgoing transfers will be rejected, while incoming deposits will be held temporarily pending compliance review, and affected accounts may face added restrictions or service termination. The move matters because it inserts a compliance barrier between two major offshore exchanges, potentially fragmenting liquidity and slowing cross-exchange transfers for traders using both venues. What to watch next is whether other exchanges follow Binance’s lead, how long withheld deposits remain frozen, and whether MEXC challenges or resolves the FinCEN designation.