MEXC CEO: Has contacted FinCEN through a law firm, deposits and withdrawals are normal

The CEO of the cryptocurrency trading platform MEXC, Vugar Usi, stated that after the Financial Crimes Enforcement Network (FinCEN) issued a restriction order against MEXC Global, the platform has established contact with FinCEN with the assistance of top law firms in the United States. FinCEN confirmed on Monday morning local time that it received MEXC's written request, and the platform is prepared to fully cooperate with the relevant investigation.

Usi emphasized that MEXC is currently operating normally, with deposit, withdrawal, and trading functions all running smoothly. Previously, on November 6, FinCEN issued an order prohibiting U.S. regulated financial institutions from processing fund transfers involving MEXC Global, accusing it of handling at least $16 billion related to sanctions evasion and cybercrime. The restriction order has not yet been lifted.