US Treasury Blocks MEXC Over $16B in Transactions Linked to Iran, Russia and North Korea

The U.S. Treasury Department is moving to cut crypto exchange MEXC Global off from the U.S. financial system after identifying at least $16 billion in illicit transactions linked to sanctions evasion, cybercrime, and other illegal activity involving Iran, North Korea, and Russia. MEXC said it is reviewing the order closely with its legal team.