Company Update
MEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactions
The US FinCEN order obliges covered US institutions to cut off financial links with MEXC, citing $16.7 billion in alleged illicit transactions from May 2021‑May 2026. MEXC reports $126 million net outflows in a 24‑hour window but says customer funds remain secure and services continue. The order does not freeze assets or shut down the exchange globally, and no start date is given. Thailand also plans to block Bitget’s website and app from Dec 5 2026, leaving Thai withdrawal availability uncertain.