US Treasury cuts off MEXC over alleged $16B in illicit transactions
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Treasury Cuts Crypto Exchange MEXC Off From US Financial System
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
FinCEN withdraws proposed crypto mixing rule over ‘legitimate activity’ concerns
The bureau under the US Treasury said it was withdrawing two proposed rules on unhosted wallets and crypto mixers ”as part of the Trump Administration’s deregulatory agenda.”
Treasury Kills Crypto 'Unhosted Wallet' and Mixer Surveillance Rules
FinCEN withdrew a 2020 proposal to track transactions with self-custodial crypto wallets and a 2023 plan to designate crypto mixing as a primary money laundering concern.
Strive buys 15,124 Bitcoin in October, closes in on top treasury holders
Bitcoin treasury company Strive reported $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.
USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
ZachXBT identifies French bank as alleged victim of $133M crypto theft
The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.