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