US Treasury cuts crypto exchange MEXC off from the American financial system over around $16.7 billion in suspected illicit transactions. The Treasury's Financial Crimes Enforcement Network says MEXC handled the transactions between May 2021 and May 2026, including nearly $1.5 billion linked to Russian sanctions evasion and more than $1 billion in transfers with Iranian crypto exchanges. American banks will be barred from dealing with MEXC 30 days after the order is published. Bitcoin, meanwhile, held near $76,000.
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