FinCEN is cutting MEXC off from US banks. About 30 days after the order hits the Federal Register, no US bank or payment firm can move funds to or from it. No fine.

FinCEN estimates $16.7B tied to sanctions evasion and cybercrime went through MEXC from May 2021 to May 2026, incl. Russia, Iran and Garantex flows.

For scale: the DOJ tied OKX to $5B+ in suspicious and criminal flows. OKX paid $505M and relaunched in the US. MEXC's figure is 3x bigger, and it pays $0.

The same order hit only Bitzlato and PM2BTC before, both tiny Russian venues. MEXC is a top 20 exchange doing $1B+ a day. It says it operates normally.