【$16 billion! U.S. Treasury takes action against MEXC】
U.S. authorities accuse MEXC of involvement in at least $16 billion in illicit transactions and are restricting U.S. financial institutions from conducting financial transactions with it, including cryptocurrency transactions.
The order will take effect 30 days after publication in the Federal Register.
This does not mean a global shutdown, nor does it mean users’ assets have been frozen. The real risks to watch for are blocked transfers between exchanges, tighter deposit and withdrawal restrictions, and reduced liquidity.
If you hold assets there, check your withdrawal options first. Always test transfers with a small amount, and don’t put all your eggs in one basket.
#MEXC #USDT #Cryptocurrency #Exchange
U.S. authorities accuse MEXC of involvement in at least $16 billion in illicit transactions and are restricting U.S. financial institutions from conducting financial transactions with it, including cryptocurrency transactions.
The order will take effect 30 days after publication in the Federal Register.
This does not mean a global shutdown, nor does it mean users’ assets have been frozen. The real risks to watch for are blocked transfers between exchanges, tighter deposit and withdrawal restrictions, and reduced liquidity.
If you hold assets there, check your withdrawal options first. Always test transfers with a small amount, and don’t put all your eggs in one basket.
#MEXC #USDT #Cryptocurrency #Exchange
