MEXC CEO: The platform has established communication with U.S. FinCEN, and its deposit, withdrawal and trading services are operating normally.
18 minutes ago
MEXC CEO Vugar Usi posted that the crypto exchange has, with the assistance of a top US law firm, established communication with the US Financial Crimes Enforcement Network (FinCEN). FinCEN confirmed receipt of MEXC’s written request on Monday US time, and the platform stated it is willing to fully cooperate with relevant work. Usi emphasized that MEXC’s platform is currently operating normally, with deposit, withdrawal and trading functions all unimpeded. The team has drafted a follow-up work plan and will promptly disclose relevant information to the community once progress is made. Earlier, Blockbeats reported that FinCEN ordered the severing of MEXC’s ties to the US financial system, banning US financial institutions from processing fund transfers involving the exchange. FinCEN alleged that MEXC processed at least $16 billion in funds related to sanctions evasion, cybercrime and other illegal activities between May 2021 and May 2026, involving entities from Iran, North Korea and Russia.
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