Tag: fincen
1 article
US Treasury Disrupts MEXC Crypto Exchange Over Sanctions Evasion Links
The US Treasury has cracked down on MEXC Global, a Seychelles-based crypto exchange, cutting it off from the US financial system for allegedly facilitating illicit transactions, including sanctions evasion and cybercrime, worth millions. MEXC Global is accused of serving as a hub for illicit financial activity, including Russian, Iranian, and North Korean sanctions evasion, ransomware, and scam payments.