GoKawiilTreasury bars MEXC crypto exchange from US financial system
FinCEN issued an order cutting off MEXC Global, a Seychelles-based exchange with over 40 million users, from the US financial system, citing at least $16 billion in illicit transactions between May 2021 and May 2026 linked to sanctions evasion and cybercrime. The Treasury Department said MEXC processed transactions tied to sanctioned Russian entities Garantex, Grinex and the A7 network, as well as roughly $1 billion with Iranian exchangers, blaming weak anti-money-laundering controls. MEXC said it is reviewing its compliance systems in response.
GoKawiil's interpretation of the reporting above, not reported fact.
The order exposes any US institution or individual that transacts with MEXC to secondary sanctions, effectively walling the exchange off from the American financial system. It signals continued US scrutiny of crypto platforms as conduits for sanctions evasion by Russia, Iran and North Korea, and could pressure other exchanges to tighten compliance or face similar action.
- FinCEN cut MEXC Global off from the US financial system over alleged sanctions evasion and cybercrime links.
- At least $16 billion in illicit transactions were identified between May 2021 and May 2026, including ties to sanctioned Russian and Iranian networks.
- MEXC says it is reviewing its anti-money-laundering and sanctions compliance policies.
Source: bleepingcomputer.com, 2026-11-09
Published there as: “US bans MEXC crypto exchange over sanctions evasion, cybercrime links”
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