Binance Blocks MEXC Transfers Amid US Regulatory Action

Binance blocks MEXC transfers following US regulatory action linking MEXC to alleged illicit cryptocurrency transactions.

Binance is blocking cryptocurrency transfers involving MEXC and its affiliates following a US regulatory action linking the exchange to at least $16 billion in alleged illicit transactions. In its November 10, 2026 notice, Binance said it would reject withdrawals to the affected entities and temporarily hold incoming deposits for compliance checks.

Key takeaways

• Binance’s restrictions cover transfers involving MEXC and associated entities.
• FinCEN’s allegations concern transactions between May 2021 and May 2026.
• A US order bars covered financial institutions from transmitting funds to or from MEXC once effective.
• MEXC disputes the allegations and has begun an independent compliance examination.

Binance blocks transfers involving MEXC and affiliates

Binance instructed customers to avoid sending or receiving funds through its platform, directly or indirectly, involving MEXC and the associated entities or categories listed in its notice. Its restrictions distinguish between rejected withdrawals and incoming deposits held for review.

The named entities include MEXC Global Limited, MEXC Estonia OÜ, GIDA Technology AG, MXC Global Ltd, MEXC Global Foundation Ltd, MEXC Singapore Pte Ltd and MEXC (Comoros) Ltd. The announcement also covers other associated names and affiliates.