MEXC BLINKS: Stolen FinTelegram Reports Deleted, But Illegal Paytend & OuiTrust Payment Rails Remain Wide Open!

Following an aggressive FinTelegram investigation and an Open Letter to its European banking partners, the offshore crypto giant MEXC has suddenly scrubbed its website of unauthorized FinTelegram articles. Was it the fear of European financial regulators, or the profound irony of a scam-rated exchange automatically republishing our exposés about its own fraudulent activities? Whatever the reason, the intellectual property theft has ended. However, the systemic regulatory violations have not: Lithuanian EMI Paytend Europe UAB and French EMI Heuro SAS (dba OuiTrust) continue to brazenly process fiat deposits for the unlicensed exchange via a Romanian shell company. The “Shadow Rails” remain operational.

Key Findings: A Tactical Retreat by a Rogue Exchange

• The IP Theft Concludes: On February 23, 2026, MEXC abruptly deleted the unauthorized FinTelegram author page and scrubbed all stolen articles from its news stream. Previous Cease & Desist notices were completely ignored until our direct complaint to their payment facilitators.
• The Irony of Auto-Publishing: The removal likely resulted from either our Open Letter to Paytend Europe or MEXC administrators finally realizing their automated scrapers were proudly broadcasting our investigative reports exposing their own illegal operations.
• The “Franchisee” Fairytale: Austrian lawyers for the registered Estonian entity, MEXC Estonia OÜ, have formally claimed to FinTelegram that the company has “nothing to do” with the MEXC global scheme, dismissing themselves as a mere “franchisee.” Since this entity is not named on MEXC.com or MEXC.co, it confirms MEXC is soliciting European investors without any applicable MiCA authorization.
• The Red Shield Remains Active: Despite the exposure, our live tests confirm that Paytend Europe UAB (Lithuania) and Heuro SAS/OuiTrust (France) are still actively facilitating fiat-to-crypto deposits for MEXC.
• The Romanian Front: All SEPA and SEPA Instant funds are contractually routed through an unregistered Romanian shell company, Finetix Ltd S.R.L., serving as the legal firewall for the unlicensed exchange.

The Case Update: A Small Victory in a Larger War

For months, MEXC—an exchange plagued by regulatory warnings and customer accusations of asset confiscation—systematically hijacked FinTelegram’s investigative reporting. By auto-scraping our articles and publishing them on their own news feed without permission, MEXC sought to artificially inflate its credibility.

When our legal notices to MEXC were met with the silence typical of an offshore “ghost” entity, we escalated the matter. We took direct aim at the institutional enablers making MEXC’s operations possible: we issued an email complaint and published an Open Letter to Paytend Europe UAB, exposing not only the IP infringement but the severe anti-money laundering (AML) and Markets in Crypto-Assets (MiCA) violations involved in facilitating MEXC’s fiat deposits.

Today, February 23, 2026, we confirmed that MEXC blinked. The FinTelegram author page has vanished from their domain, and the stolen content has been purged. Whether this was prompted by panic within Paytend’s compliance department or by MEXC realizing the absurdity of republishing our devastating critiques of their own business model, the outcome is clear.

However, the core issue remains untouched: The European fiat gates are still wide open for a fundamentally illegal enterprise.

Compliance Analysis: Complicit EMIs and the “Franchisee” Nonsense

The current regulatory posture of MEXC is a masterclass in obfuscation and jurisdictional arbitrage. By their own lawyers’ admission, the only EU-regulated entity bearing their name—MEXC Estonia OÜ—claims to be a detached “franchisee” with no operational control over MEXC.com. If the Estonian company is not the operator, and no other EU entity is licensed to operate the platform, then MEXC is irrefutably providing crypto-asset services in Europe illegally and in direct violation of the MiCA framework.

Given this undeniable fact, the ongoing participation of European Electronic Money Institutions (EMIs) is staggering.

By continuing to process deposits for MEXC, Paytend Europe UAB (Lithuania) and Heuro SAS (France) are engaging in what can only be described as high-level institutional facilitation of an unlicensed platform. They achieve this through a classic “Transaction Laundering” technique: using the Romanian entity Finetix Ltd S.R.L. as the “Merchant of Record.”

When a European retail investor deposits euros to buy crypto on MEXC, they are forced to accept the terms of Finetix. The fiat flows into IBANs provided by Paytend and OuiTrust, masking the true, high-risk destination of the funds from the broader banking system. Why these licensed EMIs are willing to risk their own regulatory survival to bank a blacklisted, unlicensed crypto casino remains the multi-million-euro question.

The MEXC “Red Shield” Payment Rail Participants

Export to Sheets

Call to Action: We Need the Paper Trail!

The removal of our stolen content proves that applying pressure to the payment processors works. Now, it is time to dismantle the illegal payment rails completely.

Are you a customer of MEXC who has deposited funds via Paytend, OuiTrust, or Finetix? Are you a compliance insider at one of these European EMIs who has witnessed the systemic failure to perform proper Know Your Business (KYB) checks on the MEXC network?

We need your evidence. Please provide us with bank transfer receipts, deposit screenshots, internal compliance memos, or any documentation that exposes the mechanics of these payment facilitators.

Help us shut down the shadow rails. Submit your evidence securely and anonymously.