Crypto exchanges review MEXC deposits after US FinCEN action
Binance, OKX and Gate placed holds on funds from MEXC for compliance checks following a US regulator's order against the exchange.
Key takeaways
- 1FinCEN issued a special measure order targeting MEXC Global.
- 2Deposit delays were reported at Binance, OKX and Gate for funds coming from MEXC.
- 3Bitget Wallet stopped card top‑ups using funds that originated from MEXC.
- 4The FinCEN order has not yet taken formal effect.
Cryptocurrency exchanges including Binance, OKX and Gate have placed compliance holds and manual reviews on deposits coming from MEXC Global after the US Financial Crimes Enforcement Network issued a regulatory order against the exchange.
Users reported that transfers from MEXC to receiving accounts at major exchanges were placed under compliance review, held before crediting, or marked for possible refund procedures.
Bitget Wallet confirmed that its card top‑up service will not accept funds originating from MEXC addresses while the reviews are underway.
FinCEN uses special measure orders under anti‑money‑laundering rules to restrict targeted foreign institutions from accessing US banking channels, prompting compliance teams across the industry to inspect incoming transactions linked to the entity.
The regulatory order targeting MEXC has not yet taken formal effect, and the disposition of the held user funds remains unclear.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.