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

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