MEXC Says Elliptic Removed Its Elevated Risk Designation
The exchange announced the change one day after FinCEN issued an order targeting it over alleged money-laundering concerns.
The exchange announced the change one day after FinCEN issued an order targeting it over alleged money-laundering concerns. This is an original Token Times brief based on reporting by CoinEdition, with live market data added, as of Sun, 08 Nov 2026 06:45:01 UTC.
The change may ease scrutiny of MEXC within compliance systems, but its timing alongside the US enforcement order leaves the exchange facing a separate money-laundering investigation.
- MEXC announced Elliptic removed its special risk classification
- The announcement followed FinCEN's order by one day
- Deposits and withdrawals continue despite increased activity
- Total crypto market capitalization stands at $2.61 trillion
MEXC announced on November 7 that blockchain analytics firm Elliptic had removed the exchange’s special risk classification. The change followed scrutiny connected to allegations of money laundering, according to the company’s disclosure to CoinEdition.
The announcement came one day after the Financial Crimes Enforcement Network issued an order targeting MEXC. MEXC CEO Vugar Usi said the exchange continued processing customer deposits and withdrawals even as withdrawal activity increased following the FinCEN action.
CoinEdition is the only supplied outlet covering the development. Its account does not provide further detail about the grounds, scope or duration of the Elliptic classification, nor does it describe the terms of FinCEN’s order. The reported removal is therefore distinct from the US enforcement action rather than evidence that the probe has ended.
The broader crypto market was comparatively subdued during the announcement. Total market capitalization was $2.61 trillion, with the overall market described as flat, while 
Bitcoin slipped 0.07% over 24 hours. The Fear & Greed Index stood at 28, indicating a market mood classified as fearful. The key points to watch are whether the risk classification remains removed and how continued withdrawal activity affects MEXC’s operations.
MEXC Says Elliptic Removed Its Elevated Risk Designation — questions & answers
What risk classification did Elliptic remove from MEXC?
MEXC said Elliptic removed its special risk classification. The supplied report does not specify the previous designation or its criteria.
When did MEXC announce the classification change?
MEXC announced the development on November 7, one day after FinCEN issued its order targeting the exchange.
Is MEXC still processing customer withdrawals?
Yes. CEO Vugar Usi said deposits and withdrawals continued, although withdrawal activity had increased.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinEdition. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.