US Treasury blocks MEXC over $16 billion flows

The US Treasury has reportedly blocked MEXC in connection with more than $16 billion in flows, according to Grafa. The report identifies MEXC as the subject of the Treasury action and places the value of the flows at above $16 billion.

MEXC is a digital-asset trading platform operating in the wider cryptocurrency market. Treasury actions affecting crypto businesses can be significant because access to financial infrastructure, counterparties and compliance channels is central to the operation of exchanges and other virtual-asset services.

The reported move places MEXC among crypto-sector entities facing scrutiny from US authorities. Treasury is a key federal department in the US financial system, and its actions can affect how firms, institutions and market participants assess exposure to a platform.

The $16 billion figure highlights the scale attributed to the flows in the report. Developments involving large crypto platforms can also draw attention to anti-money-laundering controls, sanctions compliance and the broader relationship between digital-asset markets and traditional financial oversight.