Binance: No longer processing transactions involving MEXC-affiliated entities

Binance said it will stop processing transactions involving 13 MEXC-affiliated entities after FinCEN designated MEXC as a primary money laundering concern. Binance users are told not to send or receive funds directly or indirectly with these entities, and transfers from Binance accounts to them will be rejected. Inbound deposits from the listed entities will be temporarily held for compliance review, with affected accounts potentially restricted and users facing further action including offboarding under Binance's terms. The move matters because it inserts Binance's compliance perimeter between its users and MEXC-linked venues, and the next thing to watch is whether other exchanges follow with similar restrictions.