👀Breaking: The U.S. Treasury has cut crypto exchange MEXC Global off from the U.S. financial system!
The Financial Crimes Enforcement Network (FinCEN) issued a strict order completely prohibiting U.S. financial institutions from conducting any transactions connected to the exchange.
Key details from the report:
Scale of the allegations: According to FinCEN, at least $16 billion in suspicious or illegal transactions passed through the platform between May 2021 and May 2026.
Sanctions evasion: The exchange is accused of facilitating financial transactions linked to evading strict sanctions against Russia, Iran, and North Korea, as well as working with sanctioned entities (including Russian exchangers and darknet marketplaces).
Infrastructure hit: This measure is part of a sweeping U.S. Treasury campaign against the use of digital assets to evade sanctions.
The industry is once again under immense pressure from regulators. We’re following developments and the exchange’s response
.
The Financial Crimes Enforcement Network (FinCEN) issued a strict order completely prohibiting U.S. financial institutions from conducting any transactions connected to the exchange.
Key details from the report:
Scale of the allegations: According to FinCEN, at least $16 billion in suspicious or illegal transactions passed through the platform between May 2021 and May 2026.
Sanctions evasion: The exchange is accused of facilitating financial transactions linked to evading strict sanctions against Russia, Iran, and North Korea, as well as working with sanctioned entities (including Russian exchangers and darknet marketplaces).
Infrastructure hit: This measure is part of a sweeping U.S. Treasury campaign against the use of digital assets to evade sanctions.
The industry is once again under immense pressure from regulators. We’re following developments and the exchange’s response
.
