Binance Will Block Transfers Tied to MEXC and Named Affiliates

Binance will stop handling fund transfers tied to MEXC and other entities named in its notice after a U.S. anti-money-laundering designation of the exchange.

The Financial Crimes Enforcement Network (FinCEN), a U.S. Treasury bureau, designated MEXC a primary money laundering concern. The notice identifies MEXC Global Limited, MEXC Estonia OÜ and GIDA Technology AG as covered entities.

Binance will reject requests to send funds from a Binance wallet to the listed entities. Deposits sent from those entities will be held temporarily and reviewed for compliance.

During that review, related accounts may face restrictions. Binance also may take additional steps under its terms of use, including ending service for affected users.

The policy reaches transfers between Binance and MEXC, two major crypto exchanges. It means transfers in either direction may not receive normal processing: withdrawals from Binance are set for rejection, while incoming deposits face a temporary hold and review.