Last week the US Treasury's FinCEN designated MEXC a primary money laundering concern. Binance has now told its users that it can no longer process any transactions involving the exchange or its related entities.

The ban covers 13 named entities and aliases, including MEXC Global Limited, MEXC Estonia OÜ, GIDA Technology AG, MEXC Singapore Pte Ltd, MEXC (Comoros) Ltd, the former MEX Exchange brand and all MEXC affiliates.

Withdrawals from Binance to any of these entities will be declined, and deposits coming from them will be temporarily withheld for compliance review.

Accounts linked to such flows may face further restrictions under Binance's Terms of Use, up to offboarding. Users are asked not to send to, receive from or route funds through MEXC directly or indirectly.