Binance Halts MEXC Transfers After FinCEN Suspicious Flow Report
Binance has stopped transfers with MEXC following FinCEN allegations linking the exchange to billions in suspicious financial flows.
Binance has implemented measures to halt withdrawals and hold incoming deposits connected to MEXC. The action follows a decision by FinCEN to cut the exchange off from the United States financial system over alleged ties to sixteen billion dollars in suspicious transactions. Under the new restrictions, Binance will reject outgoing transfers directed to MEXC while keeping deposits from the platform under review.
Original report: Decrypt ↗
AI-assisted summary based on the publisher's report. Read the original for full details. Not financial advice.