FinCEN
US bans MEXC crypto exchange over sanctions evasion, cybercrime links
The US Department of the Treasury has cut off the MEXC Global crypto exchange from the US financial system over sanctions evasion and links with cybercrime gangs. Founded in 2018, the Seychelles-based MEXC is one of the world’s largest crypto exchanges, giving more than 40 million users from more than 170 countries access to 3,000 […]
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FinCEN says ransomware gangs extorted over $2.1B from 2022 to 2024
A new report by the Financial Crimes Enforcement Network (FinCEN) shows that ransomware activity peaked in 2023 before falling in 2024, following a series of law enforcement actions targeting the ALPHV/BlackCat and LockBit ransomware gangs. From thousands of Bank Secrecy Act filings, the report documents 4,194 ransomware incidents between January 2022 and December 2024. These reports […]
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