On 7 November 2026, MEXC confirmed that USDT withdrawals were temporarily paused on several blockchain networks. The exchange's customer support account told users the interruption was routine network maintenance, and said pending withdrawals would be processed once the affected services resumed.

According to an independent withdrawal-route tracker, only six of MEXC's 18 monitored USDT networks were available on 7 November. TRC20, Solana, BNB Smart Chain, Arbitrum and Polygon were listed as unavailable, while Ethereum ERC20 remained available. The in-app network list showed estimated recovery dates of 13 November for BNB Smart Chain, Solana, Polygon and Aptos, 21 November for Tron TRC20, and 8 November for Plasma. The tracker is not an official MEXC incident report, and network availability can change quickly, so check the live status in the app before attempting a withdrawal. A withdrawal whitelist is one simple lock that protects funds when an account is compromised.

The pauses came a day after the US Financial Crimes Enforcement Network (FinCEN) issued an order on 6 November identifying MEXC Global as a financial institution of primary money laundering concern in connection with Russian illicit finance. FinCEN said MEXC facilitated at least $16.7 billion in transactions linked to suspected illicit activity between May 2021 and May 2026, including Russian sanctions evasion, transactions involving Iranian and North Korean actors, and cybercrime. The order tells US banks, brokers and money transmitters to stop moving funds to or from MEXC Global, effective 30 days after the order is published in the Federal Register, a date that has not yet been set. MEXC said on 6 November that deposits, withdrawals and trading were operating normally and that it was reviewing the order with its legal teams.

MEXC has not linked the withdrawal pauses to the FinCEN action, and no evidence establishes a common cause. A network-specific suspension does not necessarily indicate a platform-wide withdrawal freeze, and the interruptions do not establish insolvency, asset losses or a loss of customer funds. The distinction matters: restrictions on selected blockchain networks create immediate withdrawal-access risk for affected customers, but they are not the same as the exchange shutting down. If a withdrawal is slow for other reasons, this guide to slow crypto withdrawals explains the common causes and fixes.

Check the network status inside the MEXC app before submitting a withdrawal, and do not resubmit a pending withdrawal repeatedly. If your usual network is suspended, wait for the stated recovery date or check whether an open route such as ERC20 is available, verifying the live status first. Ignore random accounts on Telegram or social media offering to expedite withdrawals for a fee; there is no official expedite channel. Keep screenshots and transaction records of any pending withdrawal, and rely only on MEXC's official support channels for updates. For live conversions while you wait, the crypto converter tool shows current rates.