Binance will stop processing fund transfers involving MEXC and its affiliated entities

Binance announced that after the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) listed MEXC as a primary money laundering concern, Binance will stop processing fund transfers involving MEXC and the associated entities listed in the announcement.

Binance stated that requests to transfer funds from Binance wallets to the aforementioned entities will be denied, and deposits from these entities will be temporarily held for compliance review. During the review period, relevant accounts may be restricted, and Binance may take further action in accordance with the terms of use, including terminating services to the relevant users.