According to Binance, the exchange will halt processing transactions with MEXC and affiliated entities, effective immediately, following the U.S. Financial Crimes Enforcement Network (FinCEN) designation of MEXC as a significant money laundering concern.

Binance stated that users must not transfer funds to, receive from, or conduct transactions with the affected entities, which include MEXC Global Limited, MEXC Estonia OÜ, GIDA Technology AG, and other related subsidiaries. Withdrawal requests to these entities will be rejected, and any incoming funds from them will be temporarily held pending compliance review. Affected accounts may face further restrictions, including account termination.

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