MEXC says platform operating normally as it begins review tied to FinCEN order

Global cryptocurrency exchange MEXC said it is operating normally and has begun an independent review of its anti-money laundering and sanctions compliance systems in connection with a Nov. 6 order from the U.S. Treasury Department's Financial Crimes Enforcement Network, according to an official statement. Vugar Usi, CEO of MEXC, said on X the company is taking FinCEN's findings seriously and that exchange deposits and withdrawals are continuing as normal. Usi added blockchain analytics firm Elliptic has withdrawn the special risk classification it had assigned to MEXC and reclassified the platform as a general exchange. MEXC added it will provide future updates through its official channels.