Treasury Cuts Off MEXC Global: What a $16B Illicit-Finance Designation Means for Leveraged Crypto Traders
FinCEN's designation of MEXC Global over alleged $16B in illicit transactions severs its U.S. banking access within 30 days — the highest leverage risk is funding-rate spikes and liquidity fragmentation on MEXC-exposed pairs, while regulated venues like Coinbase may benefit from user migration.