Binance Blocks Transfers to MEXC Addresses After FinCEN Flag

Cointime update: Binance has begun rejecting user transfers to MEXC addresses and said transactions involving MEXC and its affiliates will face further review, with funds and accounts potentially restricted during the process. The move follows FinCEN naming MEXC a primary money-laundering concern and alleging it processed at least $16 billion linked to illicit activity. On-chain investigator ZachXBT disputed that figure as possibly overstated and asked to see the underlying data.