Binance halts transfers with MEXC and affiliates after FinCEN designation

Binance announced it will suspend fund transfers with MEXC and the affiliates named in its notice following FinCEN’s designation of MEXC as a primary money laundering concern. The exchange said withdrawals to those entities will not be allowed, while assets coming in from them will be temporarily held for a regulatory compliance review. Binance added that access to related accounts may be restricted during the review process, and further steps, including service suspension, may be taken under its terms of service.