A post by @WuBlockchain on X.
Binance Halts Transactions Involving MEXC and Its Affiliates Following FinCEN Designation
@WuBlockchain on X
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Binance said on November 10 that it will stop processing transactions involving MEXC and its affiliated entities after FinCEN designated MEXC as a primary money laundering concern. The move effectively cuts MEXC off from direct settlement with the largest exchange by volume, forcing transfers to route through intermediary wallets or chains. It follows FinCEN's designation, which subjects MEXC to heightened scrutiny and special due-diligence measures from U.S.-linked counterparties. The restriction matters because it narrows liquidity pathways for MEXC users and could push volume toward Binance rivals or on-chain venues. Traders will watch whether other major exchanges and stablecoin issuers follow Binance's lead, and whether MEXC's spot volumes and token prices show signs of strain.
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Named in this story
Binance, MEXC, FinCEN, Wu Blockchain