Binance is applying enhanced compliance measures following FinCEN’s designation of MEXC as a Primary Money Laundering Concern. Effective immediately, users should not send funds to, receive funds from, or otherwise transact through Binance involving MEXC, MEXC Global, MEXC affiliates or related entities. Requests to send funds to MEXC addresses will be rejected. Any direct or indirect transaction involving these entities will be subject to further review. Impacted funds and accounts may be temporarily restricted while the review is ongoing, and such activity may constitute a breach of Binance Terms of Use. For questions, please contact Binance Support through official channels.

Binance's MiCA Setback Now Hits French Customers Binance is preparing to close customer accounts in France by December 31. Users have reportedly been notified by email. Those keeping funds on the exchange after November 29 face monthly maintenance fees. The charge is 0.025% of their balance, with a minimum of 10 USDC. The restrictions follow Binance's failure to secure MiCA authorization within the EU transition period. Source: Cryptoast

Binance Reopens APT and HYPE Withdrawals, But Bitcoin Reserves Tell Another Story Binance has reopened withdrawals for Hyperliquid (@HyperliquidX) $HYPE and Aptos (@Aptos) $APT, expanding its recovery after the October 29 hack. The exchange had initially targeted the end of this week for both assets. But CryptoQuant data shows a separate concern. Binance's Bitcoin reserves have fallen by roughly 56,000 $BTC since the attack. At $74,800 per Bitcoin, the difference is worth roughly $4.2 billion.

Binance sees major leadership change. The world-leading @Binance exchange has replaced its incumbent Chief Financial Officer with Justin Yek. Yek has reportedly already been with the company for half a decade. He replaces Kaiser Ng who departs to pursue a "new venture", according to Wu Blockchain. Yek inherits the role at a challenging time for the platform, following the multi-billion dollar exploit suffered by Binance in late October.

Binance CFO Kaiser Ng is leaving the company just days after a massive $6.3 billion crypto hack. Ng is stepping down after more than five years at Binance to “pursue a new venture,” Hackers stole $6.3 billion in cryptocurrency from Binance users, with the company and FBI blaming North Korean hacking group TraderTraitor. Binance froze withdrawals for several days. Once they reopened, users pulled out a net $3.6 billion within just a few hours.