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U.S. Treasury and FinCEN Cut MEXC Off Amid $16 Billion Illicit Transactions Controversy

Crypto News

U.S. Treasury and FinCEN Cut MEXC Off Amid $16 Billion Illicit Transactions Controversy

US Treasury Blocks MEXC From Financial System Over $16B in Illicit Transactions

The Crypto Times

US Treasury Blocks MEXC From Financial System Over $16B in Illicit Transactions

FinCEN moves to block MEXC from the US financial system after identifying $16.7 billion in transactions linked to sanctions evasion and cybercrime.

Cryptopolitan

FinCEN cuts MEXC off from US financial system over alleged $16B in illicit flows

FinCEN ordered US financial institutions to cease processing transfers to or from MEXC Global on November 6. According to the agency, the offshore crypto exchange conducted up to $16.7 billion in...

U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows

CoinDesk

U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows

Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance.

MEXC Says Withdrawals Continue as FinCEN Orders US Financial Cutoff

The Defiant

MEXC Says Withdrawals Continue as FinCEN Orders US Financial Cutoff

The exchange says it has begun an independent review of its AML and sanctions controls. The US transfer ban takes effect 30 days after Federal Register publication.... Read the full story at The...

MEXC CEO Says Exchange Remains Live After US Treasury Ban

The Crypto Times

MEXC CEO Says Exchange Remains Live After US Treasury Ban

MEXC CEO Vugar Usi said the exchange remains operational after FinCEN restricted U.S. financial institutions from processing transactions involving the platform.

OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff

The Defiant

OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff

CEO Star Xu said OKX treats FinCEN special measures with caution 'similar to sanctions' after customers reported USDT deposits held for review.... Read the full story at The Defiant

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