CoinDesk reports that the U.S. Treasury is taking action against the crypto exchange MEXC, citing its alleged involvement in facilitating $16 billion in illicit financial flows. This move is part of a broader campaign against Iran, although the Treasury's order specifically highlights MEXC's role in Russian illicit finance. The implications for MEXC could be significant as regulatory scrutiny intensifies.
Based on the CoinDesk report; not independently verified.
Source published: Sat, 07 Nov 2026 17:36:46 +0000
[Read the original report](https://www.coindesk.com/business/2026/11/07/u-s-treasury-moves-to-cut-off-crypto-exchange-mexc-over-usd16-billion-in-alleged-illicit-flows)
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