MEXC is really in hot water this time. First, withdrawals got stuck, and now the U.S. has ordered transactions with the exchange to be blocked.

FinCEN alleges MEXC was involved in at least $16 billion in illicit transactions. The order takes effect 30 days after it is published in the Federal Register.

This doesn’t mean MEXC is shutting down globally, but anyone keeping a lot of money on the exchange is probably feeling uneasy.