MEXC sees $126 million outflows as US targets $16.7 billion in suspected illicit transactions

MEXC is facing $126 million in outflows after US authorities targeted the exchange over $16.7 billion in suspected illicit transactions. FinCEN's order takes effect 30 days after Federal Register publication and limits how covered institutions handle unsolicited crypto receipts. Traders should watch for further exchange outflows and possible knock-on pressure on tokens listed on MEXC as counterparties reassess exposure.