MEXC CEO: Communication established with US FinCEN, platform deposit, withdrawal, and trading services operating normally.

November 10 — MEXC CEO Vugar Usi stated in a post that MEXC, with the assistance of top U.S. law firms, has established communication with the U.S. Financial Crimes Enforcement Network (FinCEN). FinCEN confirmed on Monday morning U.S. time that it had received the written request submitted by MEXC, and the platform expressed its willingness to fully cooperate with the relevant work.

Vugar Usi emphasized that MEXC's platform operations are currently normal, and deposit, withdrawal, and trading functions have not been affected. The team has formulated a follow-up work plan and will promptly disclose relevant information to the community once progress is made.

According to previous reports, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) ordered the severing of MEXC's ties to the U.S. financial system, prohibiting U.S. financial institutions from processing fund transfers involving MEXC. FinCEN alleged that MEXC processed at least $16 billion in funds related to sanctions evasion, cybercrime, and other illegal activities between May 2021 and May 2026, involving entities related to Iran, North Korea, and Russia.