MEXC: Has established communication with the US FinCEN; platform deposit and trading services are operating normally.

On November 10, Vugar Usi, a representative of MEXC, announced on the X platform that MEXC has established communication with the US Financial Crimes Enforcement Network (FinCEN) with the assistance of a top US law firm. FinCEN confirmed receipt of MEXC's written request on Monday morning US time, and the platform stated its willingness to fully cooperate with related work.

Vugar Usi emphasized that MEXC's platform operations are currently running normally, with deposit, withdrawal, and trading functions unaffected. The team has formulated a follow-up work plan and will promptly disclose relevant information to the community once progress is made.

Prior to this, the US Treasury's Financial Crimes Enforcement Network (FinCEN) ordered MEXC to sever ties with the US financial system, prohibiting US 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 illicit activities between May 2021 and May 2026, involving entities linked to Iran, North Korea, and Russia.