MEXC: Elliptic has removed the platform’s “Specific Risk” classification

MEXC CEO Vugar Usi has issued a new statement in response to the recent order issued by the U.S. Financial Crimes Enforcement Network (FinCEN): “MEXC’s deposit and withdrawal functions remain fully operational, and our technical support team is actively assisting users with all transaction-related matters. Although withdrawal request volumes have recently increased, the overall process remains orderly.” Elliptic, a KYT service provider, has officially updated its system classification to re-categorize MEXC Global as an “exchange” and removed the prior elevated-risk label. Vugar Usi emphasized that MEXC takes seriously all concerns raised in the FinCEN order, intends to engage constructively with FinCEN, and has already initiated an independent third-party review of its anti-money laundering (AML) and sanctions compliance controls. The platform remains focused on managing the current situation and will promptly inform the public once further developments are confirmed.