🇺🇸 U.S. CUTS MEXC OFF FROM THE FINANCIAL SYSTEM OVER $16 BILLION IN ILLEGAL TRANSACTIONS
🚨 FinCEN ban on money transfers
The U.S. Treasury Department, through FinCEN, has issued a ban prohibiting U.S. financial institutions from transferring money to or from MEXC Global due to serious deficiencies in its anti-money laundering controls. The ban takes effect 30 days after its publication in the U.S. Federal Register.
💵 At least $16 billion in suspicious transactions
According to FinCEN, MEXC processed at least $16 billion in transactions linked to sanctions evasion and cybercrime between May 2021 and May 2026, including nearly $1.5 billion related to evading Russian sanctions. MEXC says users' funds are protected, the exchange continues to operate normally, and its legal team is working with FinCEN.
🌤️ This is part of the U.S. Treasury Department's “Operation Economic Outcast” campaign, and the market will be watching for further developments as the ban officially takes effect.
$BTC $TAO $ZEC
🚨 FinCEN ban on money transfers
The U.S. Treasury Department, through FinCEN, has issued a ban prohibiting U.S. financial institutions from transferring money to or from MEXC Global due to serious deficiencies in its anti-money laundering controls. The ban takes effect 30 days after its publication in the U.S. Federal Register.
💵 At least $16 billion in suspicious transactions
According to FinCEN, MEXC processed at least $16 billion in transactions linked to sanctions evasion and cybercrime between May 2021 and May 2026, including nearly $1.5 billion related to evading Russian sanctions. MEXC says users' funds are protected, the exchange continues to operate normally, and its legal team is working with FinCEN.
🌤️ This is part of the U.S. Treasury Department's “Operation Economic Outcast” campaign, and the market will be watching for further developments as the ban officially takes effect.
$BTC $TAO $ZEC
