# US Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows

https://mins.news/en/item/133936

- CoinDesk, 2026-11-07 17:36 UTC
- Economy
- Original: 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

> The Treasury described its move as part of a campaign against Iran, but its order is based on MEXC's alleged role in $16 billion of illicit Russian finance.

## Related coverage

- [MEXC sees $126 million in outflows as US targets exchange over $16.7 billion in suspected illicit transactions](https://mins.news/en/item/133820) — CryptoSlate, 2026-11-07
- [Treasury cuts off MEXC Global over alleged $16 billion in linked transactions](https://mins.news/en/item/133107) — The Block, 2026-11-06