Update
MEXC Sees $126M in Net Outflows
Crypto exchange MEXC saw $126.03 million in net outflows over a 24-hour period spanning the announcement of a Treasury action. The withdrawals coincided with a Nov. 6 enforcement action by the Treasury's Financial Crimes Enforcement Network (FinCEN), which accused MEXC of facilitating $16.7 billion in transactions linked to sanctions evasion, terrorist financing, and cybercrime. MEXC has moved to contain concerns about its financial position, insisting that customer funds remain secure and trading services are operating normally.