Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia
8 outlets · first seen 19h ago · latest 54m ago
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The Blockfirst seen
Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia
Treasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.
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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.
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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 Korea and Russia.
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Crypto Briefing
US Treasury cuts off MEXC from financial system over $16B in illicit transactions
The Treasury's action against MEXC underscores the increasing scrutiny on crypto exchanges, highlighting global financial security challenges. The post US Treasury cuts off MEXC from financial system over $16B in illicit transactions appeared first on Crypto Briefing.
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Bitcoin Magazine
U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows
Bitcoin Magazine U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows The U.S. Treasury’s Financial Crimes Enforcement Network issued a final order Friday that will cut offshore exchange MEXC Global off from the American banking system over alleged links to sanctions evasion by Iran, North Korea and Russia, the department said. FinCEN’s order,…
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BeInCrypto
US Treasury Bans MEXC Exchange Over Alleged $16B in Illicit Transactions
The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system over allegations that it processed $16.7 billion linked to illicit activity. The November 6 announcement says the Financial Crimes Enforcement Network (FinCEN) will prohibit US financial institutions from sending or receiving funds involving MEXC. The restriction covers cryptocurrency transfers and takes effect 30 days…
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Bitcoin News
US Treasury Blacklists MEXC Over $16B in Alleged Illicit Crypto Activity
The U.S. Treasury Department has ordered American financial institutions to stop processing transactions involving cryptocurrency exchange MEXC Global, accusing the platform of facilitating at least $16 billion in illicit financial activity tied to sanctions evasion, cybercrime, and other illegal operations. Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the action Friday as part of Operation Economic […]
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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 the crypto stories that matter and what to watch next. Get The Catalyst in your inbox