Update
MEXC Lifts Elliptic Risk Classification Amid US Money-Laundering Probe
MEXC, a cryptocurrency exchange, has had its special risk classification lifted by blockchain analytics firm Elliptic, following a US Money-Laundering probe. The move came after the Financial Crimes Enforcement Network (FinCEN) issued an order targeting the exchange. MEXC CEO Vugar Usi announced the development on November 7, one day after FinCEN's order. MEXC continues to process deposits and withdrawals, and is assisting users with transactions while reviewing its anti-money laundering controls. The exchange also plans to engage with US authorities as it addresses the regulatory concerns.