Binance Blocks MEXC Transfers After $16B Illicit Finance Allegations

Binance restricted dealings with MEXC after U.S. authorities alleged the exchange facilitated at least $16 billion in illicit transactions. The move followed a designation targeting MEXC's access to the U.S. financial system. Binance said Nov. 10 it was restricting transactions involving MEXC, rejecting transfers and withholding deposits.