MEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactions
MEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactionsThe US transfer ban covers crypto and starts 30 days after Federal Register publication.
MEXC faces a US financial cutoff that reaches cryptocurrency transfers as well as bank payments. The order places obligations on covered US institutions and could complicate the exchange’s financial relationships. It does not automatically freeze customer assets or shut down MEXC worldwide, and the advance order copy gives no calendar start date. Thailand’s planned Bitget access block presents a separate problem for customers whose withdrawal availability remains unresolved. Meanwhile, objections to tokenized shares and a court challenge over stock perpetuals expose how shareholder rights, price exposure and regulatory authority follow different rules. Top NewsMEXC sees $126 million outflows as US targets exchange over $16.7 billion in suspected illicit transactions
FinCEN alleges MEXC facilitated $16.7 billion in likely illicit transactions between May 2021 and May 2026; the exchange says it has begun an independent review of its compliance controls. DeFiLlama recorded $126.03 million in net outflows over a 24-hour window spanning the announcement, which neither isolates withdrawals after the action nor establishes solvency. MEXC says customer funds remain secure and services are operating normally, but has not disclosed its dependence on covered US institutions. Thailand is cutting off Bitget. Users have until December 5 to prepareThailand plans to block Bitget’s websites and application from December 5, 2026. The SEC notice specifies no asset freeze or separate withdrawal cutoff; current withdrawal availability for Thai customers remains unverified. Wall Street can stop a tokenized share, but can it stop a stock perp?Sixty-seven issuers objected to third-party share tokens on proposed venue OKXICE. Stock perpetuals confer no shareholder rights; their approvals remained undisturbed at the reported stage despite a judge’s preliminary doubts about the CFTC’s authority. What We’re Watching
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