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US Treasury Sanctions Crypto Exchange MEXC Over Alleged $16 Billion Illicit Transactions

Crypto News

US Treasury Sanctions Crypto Exchange MEXC Over Alleged $16 Billion Illicit Transactions

US Treasury moves to restrict MEXC over alleged $16b flows

Tech in Asia

US Treasury moves to restrict MEXC over alleged $16b flows

The Seychelles-based MEXC said in October it would stop serving users in Russia and Belarus.

US Treasury Slams MEXC With Financial-System Block Over Alleged Illicit Flows

Bitcoinist

US Treasury Slams MEXC With Financial-System Block Over Alleged Illicit Flows

The US Treasury has moved to cut MEXC Global off from the American financial system over at least $16 billion in allegedly illicit transactions. FinCEN linked the activity to sanctions evasion...

US Treasury sanctions MEXC, citing $16B in alleged illicit trades

Crypto Breaking News

US Treasury sanctions MEXC, citing $16B in alleged illicit trades

The U.S. Department of the Treasury has issued an order cutting cryptocurrency exchange MEXC Global off from the country’s financial system, alleging the platform facilitated large volumes of...

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...

Treasury’s Operation Economic Outcast Is Remaking the Sanctions Playbook, and Crypto Is the Main Target

Techreport

Treasury’s Operation Economic Outcast Is Remaking the Sanctions Playbook, and Crypto Is the Main Target

FinCEN has cut crypto exchange MEXC Global off from the US financial system, alleging at least $16 billion in illicit transactions, part of a campaign called Operation Economic Outcast.

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.

US Treasury cuts off MEXC over alleged $16B in illicit transactions

Cointelegraph

US Treasury cuts off MEXC over alleged $16B in illicit transactions

The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.

Treasury Cuts Crypto Exchange MEXC Off From US Financial System

Decrypt

Treasury Cuts Crypto Exchange MEXC Off From US Financial System

FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North...

MEXC Exchange Faces US Financial System Ban Amid $16B Illicit Transaction Allegations

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...

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.

MEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactions

CryptoSlate

MEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactions

FinCEN’s order starts 30 days after Federal Register publication and gives covered institutions limited discretion over unsolicited crypto receipts. Read the full story on CryptoSlateUnderstand...

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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