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đŸ‡ș🇾 U.S. Treasury cuts M E X C Global off from the American financial system for ties with sanctioned countries

FinCEN barred U.S. banks and institutions from processing transfers involving the exchange after finding it facilitated at least $16B in illicit transactions linked to Iran, North Korea, and Russia between 2021 and 2026.

The order, part of Operation Economic Outcast, targets gaps in M E X C’s controls despite its claims of blocking restricted users.

It’s not a full asset freeze, but it shuts down a major channel for moving funds around sanctions.

Source: U.S. Treasury

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