WORLDTECH NEWS Global technology intelligence.Contact
Bitcoin & Crypto DEVELOPING

Binance blocks MEXC transfers after FinCEN’s $16B crackdown

Top view of a laptop with Bitcoin coins and blocks spelling 'Bitcoin Mining' on a dark surface.
Illustrative photo.Photo by Leeloo The First on Pexels

What happened

Binance has stopped processing cryptocurrency transfers involving MEXC Global and its affiliated entities after US regulators identified the exchange as a primary money laundering concern over $16 billion in alleged illicit transactions. Binance is a cryptocurrency exchange and finance company based in United Arab Emirates, founded in 2017, and its products and services include cryptocurrencies.

Sources & evidence