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Binance blocks MEXC transfers as FinCEN cuts exchange off

Binance has blocked transfers involving MEXC and its affiliates after FinCEN cut the exchange off from the US financial system. A crypto investigator has questioned a $16 billion claim linked to the dispute.

Illustration: A giant padlock sits on an electric blue backdrop with one small key hanging beside it.
Illustration

Binance has blocked transfers involving MEXC and its affiliates. The step follows a decision by FinCEN to cut MEXC off from the US financial system.

A crypto investigator has questioned a claim worth $16 billion. Its role in the dispute is limited in the material we have, so we will not speculate on it.

This is an early account of the step, and the details are still limited. We will update this article as more information becomes available.

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