REGULATION | U.S Treasury Cuts MEXC Off From Financial System Over Money Laundering

BitcoinKE · 7/11/2026, 04:00:31

The U.S. Treasury has moved to cut cryptocurrency exchange, MEXC Global, off from the U.S. financial system accusing the platform of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime, and other illicit activities. The Financial Crimes Enforcement Network (FinCEN) said the transactions occurred between May 2021 and May 2026 and involved sanctioned actors in Iran, Russia, and North Korea. The alleged activity included approximately $1.5 billion in transactions linked to Russian sanctions evasion, including $232 million […]