Reserve will suspend providing liquidity for LCAP and CMC20 on MEXC

According to the announcement from the on-chain fund platform Reserve, Reserve and its market-making partners will suspend providing liquidity for LCAP and CMC20 on MEXC and will soon withdraw the funds used for providing liquidity.

Reserve stated that this move is a response to the order issued by the Financial Crimes Enforcement Network (FinCEN) against MEXC, and the liquidity of the two tokens on other exchanges and on-chain remains unaffected.

Earlier, ChainCatcher reported that the U.S. Department of the Treasury has ordered U.S. financial institutions to cease sending and receiving funds to MEXC Global, and the order will take effect 30 days after being published in the Federal Register.