Binance Blocks MEXC Transfers as Crypto Investigator Questions US $16 Billion Claim

Binance MEXC transfers are blocked after the US Treasury accused MEXC of moving at least $16 billion in illicit funds. Treasury has not shown how it reached that number. Binance users linked to MEXC may see their accounts restricted during review. MEXC says it runs normally and user assets are safe. Why an Exchange Outside the US Is Following a US Order The Financial Crimes Enforcement Network (FinCEN), Treasury’s money laundering unit, named MEXC a “primary money laundering concern” on November 6. The order bars US financial institutions from sending funds to or from MEXC. The order binds only US institutions, but FinCEN wrote that MEXC may reach US dollars indirectly through foreign financial institutions.

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