Tag: MEXC

After the Bank of Lithuania revoked Paytend Europe UAB’s EMI licence for serious and systematic AML/CFT failures — including a mishandled relationship with an unnamed high-risk customer — MEXC appears to have re-engineered its Euro deposit rail. FinTelegram’s fresh deposit simulation (screenshots on file) shows Legend Trading now embedded as the fiat service layer inside MEXC’s “Bank Transfer” flow.

The Bank of Lithuania’s decision to revoke the EMI licence of Paytend Europe UAB marks a stunning regulatory validation of FinTelegram’s prior reporting on the payment processor’s relationship with the unregulated crypto exchange MEXC. Weeks before the licence revocation, FinTelegram publicly warned Paytend Europe in an open letter that its continued facilitation of MEXC through the Romanian vehicle Finetix Ltd S.R.L. exposed the Lithuanian EMI to severe AML and regulatory consequences.

Following an aggressive FinTelegram investigation and an Open Letter to its European banking partners, the offshore crypto giant MEXC has scrubbed its website of unauthorized FinTelegram articles. Was it the fear of financial regulators, or the profound irony of a scam-rated exchange automatically republishing our exposés about its own fraudulent activities? Anyway, the systemic regulatory violations continue.

Last Friday, FinTelegram sent a formal Urgent Notification to the compliance department and board of Paytend Europe UAB, a Lithuanian Electronic Money Institution (EMI). We alerted them to their role in facilitating the illegal operations of the crypto exchange MEXC scheme and demanded an explanation for why their payment rai

As legal walls close in on the unregulated crypto giant MEXC, a damning OSINT investigation and a new $160,000 victim complaint reveal a calculated "exit-scam" strategy. By dissolving corporate anchors in Asia and hiding behind a fragile Estonian license, MEXC is systematically liquidating user accounts while laundering its reputation through European payment processors.

An Italian crypto on-ramp applying for a MiCA license has emerged as the primary card gateway behind two offshore exchanges actively targeting EU users. Screenshots and traffic analysis indicate that OSL Pay S.R.L. is facilitating credit and debit card purchases for MEXC and WEEX—platforms facing regulatory scrutiny across Europe. The compliance paradox is obvious: a MiCA applicant powering non-MiCA exchanges.

A forensic audit of the fiat-to-crypto infrastructure utilized by the blacklisted crypto exchange MEXC has identified a highly sophisticated, multi-layered payment rail. By nesting Finetix Limited S.R.L. (Romania) within the French electronic money infrastructure of HEURO SAS (formerly Harmoniie SAS), MEXC has successfully constructed a "Red Shield" network to mask high-risk crypto flows.

Investigative forensics have unmasked the sophisticated "shadow rail" powering the Euro-denominated on-ramps for the globally blacklisted exchange MEXC. By deploying a complex layering strategy across Romania and Lithuania, MEXC avoids regulatory scrutiny and banking blocks, utilizing a "ghost" payment gateway that effectively launders the identity of the merchant from the financial system.

In a brazen display of lawlessness, the crypto exchange MEXC Global has transitioned from regulatory evasion to active content piracy. Our investigation reveals that MEXC, primarily through its mutated domain mexc.co, has been systematically scraping and republishing FinTelegram’s investigative articles in their entirety without authorization.

MEXC is certainly one of the most notorious crypto exchanges when it comes to compliance violations. FinTelegram has already pointed this out several times. But the number of negative customer reviews is also increasing. FinTelegram has repeatedly flagged the crypto-exchange MEXC for opaque structures and unlicensed operations.

In the current crypto bull run, a troubling trend has emerged: more and more crypto exchanges are aggressively promoting...

FinTelegram has consistently flagged the crypto exchange MEXC, placing it on the Red Compliance List due to multiple regulatory warnings and poor customer feedback. We revealed that MEXC processes its FIAT transactions for cryptocurrency purchases via MEXC Estonia OÜ, which holds a crypto license in Estonia. This Estonian entity, in turn, uses Paytend Europe UAB, d/b/a s Paytend, a Lithuanian-regulated e-money institution, to handle FIAT payments through bank transfers.