The US Treasury Department has taken action against cryptocurrency exchange MEXC, freezing its assets in the US and effectively cutting it off from US markets.
Source
"US Treasury Targets MEXC Over Alleged $16 Billion Illicit Crypto Flows" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The move targets MEXC's alleged role in facilitating $16 billion in illicit flows, with the Treasury Department citing the exchange's involvement in Russian illicit finance.