Treasury Cuts Crypto Exchange MEXC Off From US Financial System

The US Treasury bureau FinCEN has ordered US financial institutions to stop processing all transfers to or from the crypto exchange MEXC Global. This action, part of Operation Economic Outcast, bars MEXC from the US financial system. Treasury officials state that the exchange facilitated approximately $16 billion in illicit finance. These transactions are reportedly tied to Russia, North Korea, and Iran, leading to the current restrictions imposed on the platform by the United States government.