COINTELEGRAPH · 2026-11-06 21:05 UTC

US Treasury cuts off MEXC over alleged $16B in illicit transactions

The US Treasury's FinCEN issued an order cutting crypto exchange MEXC Global off from the US financial system, alleging at least $16 billion in transactions tied to sanctions evasion, cybercrime and other illicit activity. FinCEN said MEXC handled transactions involving sanctioned groups in Iran, Russia and North Korea between May 2021 and May 2026, including about $1.5 billion linked to Russian sanctions evasion. The order bans US financial institutions from processing transfers involving MEXC and takes effect 30 days after publication in the Federal Register; MEXC had not responded to…

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