US bans MEXC crypto exchange over sanctions evasion and cybercrime links
Original title: US bans MEXC crypto exchange over sanctions evasion, cybercrime links
Treasury bans MEXC Global crypto exchange for facilitating $16 billion in illicit transactions linked to sanctions evasion.
The US Treasury Department cut off MEXC Global crypto exchange from the US financial system over sanctions evasion and links to cybercrime gangs. The exchange facilitated at least $16 billion in illicit transactions between May 2021 and May 2026, including with Iranian, North Korean, and Russian entities. It processed $226 million benefiting the A7 sanctions evasion network. MEXC is reviewing its AML controls and claims user assets remain secure.
Unconfirmed: MEXC's response to the ban is under review
- Facilitated $1 billion with Iranian CVC exchangers
- Processed transactions with Garantex and Grinex
- Over 40 million users from 170 countries
- Ban issued November 6, 2026
Impact: facilitating illicit transactions for cybercrime and sanctions evasion
- 1.Review and strengthen AML and sanctions controls
- 2.Engage with FinCEN and regulators
- Vendors
- MEXC Global
- Products
- crypto exchange platform
- Countries
- United StatesSeychelles
From the original article
2 min read at bleepingcomputer.com
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. [...]
By Sergiu Gatlan · bleepingcomputer.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.