According to Cointelegraph, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) instructed U.S. financial institutions on Friday to cease processing any transfers linked to MEXC Global. The action stems from allegations involving illicit transactions amounting to $16 billion. No further details on the nature of the allegations, specific transactions, enforcement actions, or timelines were provided. The directive applies to U.S. entities and requires them to stop handling funds related to MEXC Global until further notice. The Treasury did not specify whether the measure affects only new transfers or also existing accounts. No comment from MEXC Global was included in the source material.
