According to The Block, the U.S. Treasury Department has removed MEXC Global from the U.S. financial system. The action followed an investigation in which the Treasury alleges that MEXC Global supported transactions amounting to $16 billion that were connected to Iran, North Korea and Russia.
The Treasury stated it has cut off MEXC Global’s access to U.S. financial channels. No further details about the timing of the severance beyond the statement that it has been completed were provided. The allegation centers on support for transactions linked to the three countries.
The move reflects the Treasury’s enforcement of sanctions related to prohibited activities involving those jurisdictions. MEXC Global has not been reported to have issued any public comment on the matter.
