MEXC starts shutting Russian accounts after FinCEN ruling

MEXC has begun closing accounts of Russian users. Clients are receiving notices that their accounts will be terminated completely, while those with zero balances need to take no further action.

The move follows a decision by the US FinCEN. On November 6, 2026, the agency designated MEXC Global as a primary money laundering concern and cut its access to the American financial system. According to the regulator, at least $16 billion in suspicious transactions flowed through the platform from May 2021 to May 2026, including $1.5 billion tied to evading Russian sanctions.

Binance has already banned all transfers involving MEXC and its affiliates. Direct withdrawals from MEXC to Binance will be rejected, and any funds received may be temporarily frozen for review. Users still holding assets on MEXC are advised to withdraw promptly and avoid using intermediaries.

Based on information from cryptonews.net