Binance blocks MEXC transfers after FinCEN flags $16B laundering concern
AI summary
Binance has halted crypto transfers involving MEXC Global and its affiliates after US regulators flagged MEXC as a primary money laundering concern tied to $16 billion in alleged illicit transactions. The move follows FinCEN's crackdown and cuts off a major transfer route between two large exchanges. Traders should watch for liquidity fragmentation and possible knock-on delistings or compliance restrictions across venues.
