US Treasury Slams MEXC With Financial-System Block Over Alleged Illicit Flows
Summary
FinCEN issued an order to bar US financial institutions from processing transfers to or from MEXC Global, alleging the exchange facilitated at least $16 billion in illicit transactions from May 2021 to May 2026. The alleged activity includes sanctions evasion linked to Russia, Iran and North Korea, plus ransomware, scams and darknet markets. The restriction takes effect 30 days after Federal Register publication and targets MEXC’s access to US financial transfers; it is not a worldwide trading ban or an automatic freeze of customer assets. The action raises pressure on international exchanges to strengthen sanctions screening and anti-money-laundering controls.
