MEXC just got slapped with US financial restrictions for alleged money laundering.
FinCEN claims they processed at least $16B in dirty money between May 2021-2026 — sanctions evasion, cybercrime, the whole menu.
$1.5B allegedly tied to Russian sanctions evasion alone.
This is a massive regulatory shot across the bow for CEXs. If you're still holding funds on sketchy exchanges, this is your wake-up call.
Regulatory pressure is ramping up fast. Expect more exchanges to get cooked if they're not compliant.
FinCEN claims they processed at least $16B in dirty money between May 2021-2026 — sanctions evasion, cybercrime, the whole menu.
$1.5B allegedly tied to Russian sanctions evasion alone.
This is a massive regulatory shot across the bow for CEXs. If you're still holding funds on sketchy exchanges, this is your wake-up call.
Regulatory pressure is ramping up fast. Expect more exchanges to get cooked if they're not compliant.