Binance to halt processing of fund transfers involving MEXC and the affiliated entities listed in the announcement.

November 10: Binance issued an official announcement stating that after the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) listed MEXC as a primary money laundering concern, it will stop processing fund transfers involving MEXC and the affiliated entities listed in the announcement.

Binance stated that requests to transfer funds from Binance wallets to the aforementioned entities will be rejected, and deposits from the aforementioned entities will be temporarily withheld and subject to compliance review. During the review, the relevant accounts may be restricted, and Binance may also take further measures in accordance with its terms of use, including terminating the provision of services to the relevant users.