Binance has introduced immediate restrictions on transactions involving MEXC, MEXC Global, and their affiliates following the U.S. Treasury’s designation of the cryptocurrency exchange as a Primary Money Laundering Concern.
CRYPTO CRIME | Binance Becomes First Entity to Block MEXC Transactions Following U.S. Money Laundering Designation
Binance has introduced immediate restrictions on transactions involving MEXC, MEXC Global, and their affiliates following the U.S. Treasury’s designation of the cryptocurrency exchange as a Primary Money Laundering Concern.
BitKE
Publisher
Nov 11, 2026 at 12:00 PM UTC · 1 Min. Lesezeit
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binance
Last Updated
vor 2 Tagen
The exchange said users can no longer
- send funds to,
- receive funds from or
- otherwise transact through
Binance involving the identified entities.
Transfers to MEXC addresses will be rejected while other direct or indirect transactions will undergo additional compliance reviews.
Affected funds and accounts may be temporarily restricted pending investigations.
The move follows a November 6 2026 FinCEN action alleging that MEXC facilitated at least $16 billion in transactions linked to illicit finance including sanctions evasion and cybercrime, between May 2021 and May 2026.
The U.S. action adds to mounting compliance pressure on cryptocurrency exchanges and highlights how money laundering enforcement can trigger restrictions across the wider digital asset industry.
REGULATION | U.S Treasury Cuts MEXC Off From Financial System Over Money Laundering
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- Nov 11CRYPTO CRIME | Binance Becomes First Entity to Block MEXC Transactions Following U.S. Money Laundering Designation
- Nov 13FBI seizes $1.2 billion in crypto stolen from Binance in record $6.3 billion heist
- Nov 13FBI seizes $1.2bn stolen in Binance cryptocurrency hack
- Nov 13Binance Covers $6.34B in Hack Losses as DOJ Targets $1.2B
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Originally reported by BitKE
NewsLayer coverage based on externally reported material.
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