MEXC Global barred from the U.S. financial system by the U.S. Treasury, accused of facilitating $16 billion in illicit transactions

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) ordered financial institutions to stop processing transfers to and from MEXC Global, accusing it of facilitating at least 16 billion in illicit transactions involving sanctions evasion, cybercrime, and other illegal activities. $1.6 billion in illicit transactions: MEXC Global faces a major blow. #MEXCGlobal #FinancialCrimesEnforcementNetwork