MEXC: Has established communication with US FinCEN; deposits, withdrawals and trading normal

Nov. 10 — MEXC CEO Vugar Usi posted an update on X saying that, with the support of US law firms, MEXC has established communication with FinCEN. FinCEN confirmed it received MEXC's written request on Monday morning US time, and MEXC is ready for full cooperation. Vugar Usi said the platform continues to operate normally, with deposit, withdrawal and trading functions fully operational, and that a clear plan is in place, with further updates to follow as progress is made.

Previously, the US Treasury's FinCEN ordered the severing of MEXC Global's access to the US financial system, alleging its involvement in transactions including at least $16 billion in sanctions evasion.