🚨 US Treasury moves to cut off crypto exchange MEXC
The US Treasury’s FinCEN issued an order to cut MEXC Global off from the US financial system.
What is alleged:
• At least $16B in illicit transactions between May 2021 and May 2026
• Links to sanctions evasion tied to Iran, North Korea and Russia, including nearly $1.5B linked to Russia
What happens next:
• US financial institutions will be barred from transfers to and from MEXC, starting 30 days after the order is published
⚠️ These are Treasury’s allegations, not a court ruling.
Takeaway: always check an exchange’s compliance and reputation before using it.
#MEXC #CryptoNews #Binance #BinanceSquare #Finance
The US Treasury’s FinCEN issued an order to cut MEXC Global off from the US financial system.
What is alleged:
• At least $16B in illicit transactions between May 2021 and May 2026
• Links to sanctions evasion tied to Iran, North Korea and Russia, including nearly $1.5B linked to Russia
What happens next:
• US financial institutions will be barred from transfers to and from MEXC, starting 30 days after the order is published
⚠️ These are Treasury’s allegations, not a court ruling.
Takeaway: always check an exchange’s compliance and reputation before using it.
#MEXC #CryptoNews #Binance #BinanceSquare #Finance
