Major exchanges have started checking money that came from MEXC. Transfers are getting stuck, and some amounts are being sent for manual review. Complaints are coming in about OKX, Binance and Gate.
The reason is a FinCEN order dated November 6, 2026. FinCEN is the US Treasury unit for financial crimes. Its special measure bars American financial institutions from working with MEXC Global.
This directly affects traders. Foreign exchanges are not obliged to freeze such deposits, but they are doing it themselves. Legitimate clients are also being caught by the checks.
What is already happening with transfers
Transfers from MEXC to other centralized exchanges go through additional risk assessment. Crediting gets stuck, and some amounts are sent for review with a refund. This is reported by Wu Blockchain.
- $848.80 and $11.70 - two USDT transfers by one client that were sent for review as possibly coming from high-risk addresses
- Bitget Wallet - confirmed that it does not accept deposits to cards identified as coming from MEXC
Why did exchanges tighten the rules?
- The FinCEN order. The special measure dated November 6, 2026 cuts MEXC Global off from the US financial system.
- The regulator's allegations. Sanctions evasion, money laundering and servicing cybercrime.
- The volume. According to the regulator's estimate, about $16.7 billion in transactions linked to illegal activity passed through the exchange.
- Operation Economic Outcast. The MEXC order is part of it.
What does this mean for a trader?
The order binds only American financial organizations. Foreign exchanges are not obliged to block deposits from MEXC and are doing so of their own accord.
Star Xu, founder and head of OKX, confirmed the tightened checks and warned against transferring funds from MEXC directly to OKX. The exchange treats such measures on par with sanctions, and a transfer may be frozen until the end of the investigation. He acknowledged that legitimate clients may also be affected.
What next?
The restrictions take effect 30 days after publication in the Federal Register. Binance and Gate have not announced a general ban on deposits from MEXC.
- How many clients have already been affected - unknown
- An alternative to your own deposit - trading on a prop firm's capital, with the terms collected in the prop firm catalog
- How such a scheme works - broken down step by step in the academy
Checking where your money is held?
Today an $848 transfer is stuck in review, tomorrow it's your whole deposit, and there's nothing left to trade with. You hold your own volume on an exchange yourself. The larger you trade, the more of your personal money sits under someone else's decision to freeze it. In prop trading, the trading nominal is provided by the company: you pay for the selection, work within its loss limits and take an agreed share of the profit. It's calmer to work through this scheme before the next such order.