MEXC CEO Responds to US Regulatory Issues: Seeking Constructive Engagement and Has Launched Relevant Reviews

Against the backdrop of recent attention surrounding U.S. FinCEN-related orders, MEXC CEO Vugar Usi has published an update disclosing that the platform’s deposits and withdrawals have been functioning normally. While withdrawal volumes have risen, operations remain orderly overall, and user assets are secure. Following close communication, compliance analytics provider Elliptic has restored MEXC Global to its regular “exchange” category in its system and removed the prior special risk designation. Separately, MEXC takes FinCEN’s concerns very seriously, is seeking constructive engagement, and has launched an independent review of its anti-money laundering (AML) and sanctions compliance controls. The platform respects users’ right to withdraw funds voluntarily and will continue to update on developments. Earlier reports indicated that the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) ordered the severance of MEXC’s ties to the U.S. financial system, barring U.S. financial institutions from processing fund transfers involving the exchange. FinCEN alleged that between May 2021 and May 2026, MEXC processed at least $16 billion in funds linked to sanctions evasion, cybercrime, and other illegal activities, involving entities associated with Iran, North Korea, and Russia.