Binance reportedly freezes deposits from rival exchange MEXC
An unconfirmed report says Binance will freeze deposits arriving from MEXC for review and block transfers to it, days after its co-founder warned users against depositing funds of dubious origin.
What we know
A crypto news account reports that Binance has blocked MEXC: deposits coming from the rival exchange would be frozen for review and transfers to it blocked. Neither exchange has confirmed it. It would follow a warning from Binance co-founder Yi He asking users not to send Binance money with a murky trail, such as discounted stablecoins from friends, coins relayed on-chain by relatives, or business takings from Myanmar and Cambodia, two hubs of online scam operations.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Binance blocked MEXC.”
View post →“Funds of dubious origin: please do not transfer them to Binance.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.