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 cryptocurrencies and tokenized assets.
According to a Financial Crimes Enforcement Network (FinCEN) order, MEXC has allowed illicit transactions of at least $16 billion linked to cybercrime operations and Iranian, North Korean, and Russian sanctions evasion between May 2021 and May 2026.
The Treasury Department said that, as recently as June 2026, MEXC was still processing transactions…
