[Warning] MEXC

[sergiorus]

The official announcement comes from Binance-deposits from MEXC and other related affiliates will be blocked, be careful for those of you who have just received source funds from MEXC it can be potentially a big risk because Binance has marked it.
- https://www.binance.com/en/support/announcement/detail/9ef6e347da924cdc90f53577ab483b1f

I was expecting this, next will be the other big exchanges that will also follow suit. This list literally put all of the mexc's/mxc's global affiliates and its subsidiaries for different countries including GIDA Technology AG

Check your address, has it ever interacted with MEXC? This tool may help you a little.
- https://mexcwalletchecker.vercel.app/
- https://x.com/enesonchain/status/2119015428684943849

So before the 30 day ruling of FinCen, anyone who's interacted beyond that will be safe(?) if ever they have an interaction, deposit/withdrawal from mexc?

I'm sorry where can I see anything about this ''30 days rule''?

I checked all the links you quoted, couldn't find anything.

I have received some funds from MEXC in my personal wallet 60+ days ago and I'm really concerned what should I do now.

[OmegaStarScream]

I'm sorry where can I see anything about this ''30 days rule''?

I checked all the links you quoted, couldn't find anything.

I have received some funds from MEXC in my personal wallet 60+ days ago and I'm really concerned what should I do now.

I believe this is what he's actually referring to:

Today’s action will protect the U.S. financial system from the significant illicit finance threats posed by MEXC Global.  The order, issued pursuant to section 9714(a) of the Combating Russian Money Laundering Act, prohibits U.S. financial institutions from engaging in any transmittal of funds from or to MEXC Global.  Violations of this order may result in civil or criminal penalties.  The order does not modify existing obligations under the Bank Secrecy Act (including Suspicious Activity Report filing requirements) or sanctions administered by OFAC.  The order is effective 30 days after publication in the Federal Register.

I could be wrong but exchanges starting to take action already is most likely because they cannot afford to leave this until the last minute?

Although, I don't believe that interacting with MEXC prior to that date (the 6th of November, or December) is going to change anything. Once an entity gets sanctioned, an exchange will automatically flag any incoming transaction from it whether the money came to the address 30 days ago, or five years ago.

[bhadz]

I'm sorry where can I see anything about this ''30 days rule''?

I checked all the links you quoted, couldn't find anything.

It's been quoted above this post of mine and I've also read it on the reply on the tweet and as well as on this thread too if you head back some posts.

I have received some funds from MEXC in my personal wallet 60+ days ago and I'm really concerned what should I do now.

Use the MEXC wallet checker tool and see if there's any connection to your personal wallet or if it's flagged. But it only checks 8 networks, I'm not sure if other cryptos that are not listed on it will have the same flagging. Assuming that anything that's connected from mexc incoming/outgoing funds is strictly monitored now regardless of how long it's been.

[Bitcoin_Arena]

Terrorists and authorities from  sanctioned countries  used an exchange illegally.
Solution: blacklist everyone who uses such exchange.

Wtf!

Regulations should also protect users who are doing nothing wrong

This is what beats my understanding with all these sorts of sanctions initiated by the US and its entities. Terrorism can also be subjective. Without going so deep into politics, the Zionists can also be considered terrorists by the Palestinians and most of the Arabs in the neighboring countries. Shouldn't exchanges used by them be sanctions too?
I mean, they are pretty much abusing human rights day in, day out. They are killing innocent people and kids, etc.

[Peanutswar]

I've seen a lot of post in social media that they are warned other users to avoid making a direct deposit from the MEXC to other exchange AFAIK ive seen that is OKX, imagine how ironic it was ive seen a lot of concern related into reddit and X about their issue with the "Risk Control" but when it comes to huge deposit from not a clean coins they accepted into their platform. Just lately seen Binance made an announcement too to block transfers to MEXC.

[TastyChillySauce00]

Terrorists and authorities from  sanctioned countries  used an exchange illegally.
Solution: blacklist everyone who uses such exchange.

Wtf!

Regulations should also protect users who are doing nothing wrong

To be fair these offshore exchange internal management and AML compliance are so opaque the money from users getting pooled and nobody know which money belongs to whom. Only the internal ledger would reveal the real activity inside the exchange therefore an exchange sanction and blocking any funds coming out of it probably the most effective but I agree, there should be better way.

It's still surprising though to think that major exchanges don't even wait for the 30 days before blocking any deposit but doing it right after the announcements. There must be a lot of people stuck with their funds on MEXC and not even withdrawing to self custody wallet would safe them from the flagging. The legal and compliance team must've worked very hard for their de-risking effort.

[NotATether]

Terrorists and authorities from  sanctioned countries  used an exchange illegally.
Solution: blacklist everyone who uses such exchange.

Wtf!

Regulations should also protect users who are doing nothing wrong

Sounds like they don't actually have a solution on what to do and want to force every service to follow guidelines that only serve their own best interests (forget about the interests of the American people or of the actual services themselves).

It is quite sad to witness.

[sergiorus]

Use the MEXC wallet checker tool and see if there's any connection to your personal wallet or if it's flagged. But it only checks 8 networks, I'm not sure if other cryptos that are not listed on it will have the same flagging. Assuming that anything that's connected from mexc incoming/outgoing funds is strictly monitored now regardless of how long it's been.

I didn't really need to use it, the block explorer literally showed that transaction as "Received from MEXC".

Anyway, today I tried to send some funds from that personal wallet to OKX and the funds arrived with no issues.

That still doesn't exclude possible issued for those who withdrew from MEXC after the sanctions announcement but seems like for those who interacted with it prior to that there's nothing to worry about.

[OmegaStarScream]

Use the MEXC wallet checker tool and see if there's any connection to your personal wallet or if it's flagged. But it only checks 8 networks, I'm not sure if other cryptos that are not listed on it will have the same flagging.
-snip-

They definitely will be treated the same way but you can always use Arkham intelligence (head to the exchange tab after you input your address) if you're using other networks (BTC, Tron, Solana, Doge, etc.).

[hugeblack]

I have received some funds from MEXC in my personal wallet 60+ days ago and I'm really concerned what should I do now.

Another issue is that crypto exchanges assess risk using third-party services—some rely on Elliptic or Chainalysis, while others use different providers. Since this data is not publicly available, you cannot be certain whether a particular deposit might lead to your account being blocked.
However, in general, most services do not examine an address’s history beyond the last five transactions; therefore, transaction history date (back to 30 days or 60 days) is not the sole criterion used.

[logfiles]

Going by this logic, I guess in a few years we shall have very few crypto exchanges that are not sanctioned if they are still able to stay afloat business wise. Exchanges that are probably unpleasant to use for a normal retail trader.

All it takes if for some Hackers from "North Korea" or users from Russia or Iran making deposits to those exchanges and some how manage to withdraw some funds. The US Treasury will as usual come out and claim the exchanges are helping terrorists and blacklist them.