MEXC’s 24-Hour Net Outflow Reaches $35.28 Million, 30-Day Total Tops $120 Million

MEXC Global saw a $35.28 million net outflow over 24 hours and more than $120 million over 30 days as U.S. authorities moved to block transactions involving the exchange.

The figures put MEXC’s assets at $4.444 billion, ranking it ninth among centralized exchanges. Its 24-hour trading volume was $989 million, down 27.3%.

On Nov. 6, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) ordered U.S. financial institutions to block transfers involving MEXC Global. The restriction takes effect 30 days after publication in the Federal Register, under the order’s 30-day implementation timetable.

FinCEN alleged that MEXC Global facilitated at least $16 billion in transactions tied to sanctions evasion, cybercrime and other illegal activity from May 2021 to May 2026.

MEXC said it was reviewing the order with its legal and compliance teams, that its platform was operating normally and customer assets were safe. The exchange also said it had begun an independent review of its anti-money-laundering and sanctions controls and planned to communicate with FinCEN and other regulators.