Binance said on November 10, 2026, that it had stopped processing transactions involving MEXC and related entities after the U.S. Treasury’s FinCEN designated MEXC a primary money laundering concern. Binance said it would reject withdrawals to the 13 listed entities, temporarily hold deposits from them for compliance review, and potentially restrict or close affected Binance accounts.
FinCEN’s order bars U.S. financial institutions from processing transfers involving MEXC. FinCEN alleges that MEXC processed at least $16 billion in suspicious transactions from May 2021 to May 2026, including nearly $1.5 billion in direct and indirect exposure to Russian sanctions evasion.
